Severn Trent Plc (OTCMKTS:STRNY – Get Rating) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 300 shares, a growth of 50.0% from the July 31st total of 200 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is presently 0.1 days.
Severn Trent Price Performance
STRNY stock opened at $33.73 on Friday. The company's 50-day moving average is $35.20 and its 200-day moving average is $37.33. Severn Trent has a 1 year low of $32.42 and a 1 year high of $42.35.
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Severn Trent Cuts Dividend
The business also recently disclosed a dividend, which was paid on Monday, July 25th. Stockholders of record on Monday, June 6th were given a dividend of $0.7229 per share. The ex-dividend date of this dividend was Friday, June 3rd. This represents a dividend yield of 3.31%.
Analysts Set New Price Targets
STRNY has been the topic of a number of research analyst reports. Barclays upped their price target on shares of Severn Trent from GBX 2,560 ($30.93) to GBX 3,280 ($39.63) in a research report on Monday, June 27th. HSBC raised shares of Severn Trent from a "hold" rating to a "buy" rating in a research report on Tuesday, June 28th. Credit Suisse Group upped their price target on shares of Severn Trent from GBX 2,520 ($30.45) to GBX 2,800 ($33.83) in a research report on Friday, May 20th. Finally, JPMorgan Chase & Co. cut shares of Severn Trent from a "neutral" rating to an "underweight" rating in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3,040.00.
Severn Trent Company Profile
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Severn Trent Plc operates as a water and sewerage company in England and Wales. It operates in two segments, Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses in the Midlands and Wales.
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