Severn Trent (LON:SVT) Share Price Passes Above 200-Day Moving Average - Here's Why

Severn Trent PLC (LON:SVT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,554.61 ($33.47) and traded as high as GBX 2,558 ($33.52). Severn Trent shares last traded at GBX 2,550 ($33.41), with a volume of 451,311 shares changing hands.

Wall Street Analysts Forecast Growth

SVT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Severn Trent from GBX 2,700 ($35.38) to GBX 2,600 ($34.07) and set a "hold" rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Severn Trent in a report on Thursday, March 6th.

Severn Trent Stock Down 2.9 %

The company has a market cap of £7.81 billion, a P/E ratio of 43.65, a P/E/G ratio of 4.69 and a beta of 0.38. The company has a 50-day simple moving average of GBX 2,470.46 and a 200 day simple moving average of GBX 2,555.37. The company has a current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94.

Severn Trent Company Profile

As one of Britain's largest water companies, we provide over eight million people across our region with fresh, clean drinking water – about two billion litres every day. And when they've finished with it, we take it away again then clean and treat it before returning it safely back to the environment. We are one of only three listed water stocks in the UK, offering a valuable combination of reliable earnings, long term asset growth and an inflation-linked dividend.