Severn Trent Plc (LON:SVT – Get Rating) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,931.27 ($35.42) and traded as high as GBX 2,996 ($36.20). Severn Trent shares last traded at GBX 2,979 ($36.00), with a volume of 255,967 shares traded.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 3,300 ($39.87) price objective on shares of Severn Trent in a research report on Thursday, May 26th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Severn Trent in a report on Wednesday, July 6th. Royal Bank of Canada restated a "sector perform" rating and set a GBX 2,950 ($35.65) target price on shares of Severn Trent in a research note on Tuesday, May 3rd. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a GBX 2,950 ($35.65) price target on shares of Severn Trent in a research note on Tuesday, May 3rd.
Get Severn Trent alerts:Severn Trent Stock Up 0.2 %
The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 535.70. The stock has a market cap of £7.49 billion and a P/E ratio of -84.63. The firm has a 50-day simple moving average of GBX 2,862.21 and a two-hundred day simple moving average of GBX 2,931.27.
Severn Trent Increases Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, July 13th. Shareholders of record on Wednesday, June 1st were issued a GBX 61.28 ($0.74) dividend. The ex-dividend date was Wednesday, June 1st. This represents a yield of 1.95%. This is an increase from Severn Trent's previous dividend of $40.86. Severn Trent's payout ratio is currently -2.89%.Insiders Place Their Bets
In related news, insider Gillian Sheldon purchased 350 shares of the business's stock in a transaction that occurred on Thursday, July 7th. The stock was acquired at an average cost of GBX 2,792 ($33.74) per share, for a total transaction of £9,772 ($11,807.64). In other news, insider Olivia (Liv) Garfield sold 37,222 shares of the business's stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of GBX 2,913 ($35.20), for a total value of £1,084,276.86 ($1,310,146.04). Also, insider Gillian Sheldon purchased 350 shares of Severn Trent stock in a transaction that occurred on Thursday, July 7th. The shares were purchased at an average price of GBX 2,792 ($33.74) per share, for a total transaction of £9,772 ($11,807.64).
Severn Trent Company Profile
(Get Rating)
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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