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Severn Trent (LON:SVT) Stock Crosses Above Two Hundred Day Moving Average of $2,926.67

Defense World · Aug 5, 2022 03:31

Severn Trent Plc (LON:SVT – Get Rating)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,926.67 ($35.86) and traded as high as GBX 3,007 ($36.85). Severn Trent shares last traded at GBX 3,003 ($36.80), with a volume of 276,878 shares.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 3,300 ($40.44) price target on shares of Severn Trent in a research report on Thursday, May 26th. Morgan Stanley reiterated an "equal weight" rating and set a GBX 2,950 ($36.15) price objective on shares of Severn Trent in a research report on Tuesday, May 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a GBX 2,950 ($36.15) target price on shares of Severn Trent in a report on Tuesday, May 3rd. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Severn Trent in a report on Wednesday, July 6th.

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Severn Trent Stock Up 0.7 %

The firm has a 50 day moving average of GBX 2,849.07 and a two-hundred day moving average of GBX 2,926.67. The firm has a market capitalization of £7.55 billion and a price-to-earnings ratio of -85.31. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 535.70.

Severn Trent Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 1st were paid a GBX 61.28 ($0.75) dividend. This represents a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, June 1st. This is a boost from Severn Trent's previous dividend of $40.86. Severn Trent's dividend payout ratio (DPR) is -2.89%.

Insiders Place Their Bets

In other Severn Trent news, insider Gillian Sheldon bought 350 shares of the firm's stock in a transaction on Thursday, July 7th. The shares were acquired at an average cost of GBX 2,792 ($34.21) per share, for a total transaction of £9,772 ($11,974.02). In related news, insider Olivia (Liv) Garfield sold 37,222 shares of the firm's stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of GBX 2,913 ($35.69), for a total transaction of £1,084,276.86 ($1,328,607.84). Also, insider Gillian Sheldon bought 350 shares of the business's stock in a transaction on Thursday, July 7th. The shares were acquired at an average price of GBX 2,792 ($34.21) per share, for a total transaction of £9,772 ($11,974.02).

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.