Severn Trent Plc (OTCMKTS:STRNY – Get Rating) was the recipient of a large 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 daily volume of 2,500 shares, the days-to-cover ratio is currently 0.1 days.
Severn Trent Stock Down 0.1 %
Shares of OTCMKTS STRNY opened at $33.73 on Monday. The stock's fifty day moving average price is $35.20 and its two-hundred day moving average price is $37.32. Severn Trent has a one year low of $32.42 and a one year high of $42.35.
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Severn Trent Cuts Dividend
The business also recently announced 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 was Friday, June 3rd. This represents a dividend yield of 3.31%.
Wall Street Analyst Weigh In
STRNY has been the topic of a number of recent analyst reports. Barclays boosted their target price on Severn Trent from GBX 2,560 ($30.93) to GBX 3,280 ($39.63) in a report on Monday, June 27th. HSBC raised Severn Trent from a "hold" rating to a "buy" rating in a report on Tuesday, June 28th. Credit Suisse Group boosted their target price on Severn Trent from GBX 2,520 ($30.45) to GBX 2,800 ($33.83) in a report on Friday, May 20th. Finally, JPMorgan Chase & Co. lowered Severn Trent from a "neutral" rating to an "underweight" rating in a report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $3,040.00.
About Severn Trent
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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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