Severn Trent (LON:SVT) Trading 5.7% Higher - Here's What Happened

Severn Trent PLC (LON:SVT - Get Free Report)'s share price was up 5.7% on Thursday . The company traded as high as GBX 2,713 ($34.53) and last traded at GBX 2,690.28 ($34.24). Approximately 918,585 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($32.40).

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Severn Trent from GBX 2,700 ($34.37) to GBX 2,600 ($33.10) and set a "hold" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Severn Trent in a research report on Thursday, March 6th.

Severn Trent Stock Up 2.2 %

The company has a debt-to-equity ratio of 450.94, a quick ratio of 0.73 and a current ratio of 2.14. The firm's 50-day moving average is GBX 2,474.62 and its 200 day moving average is GBX 2,554.16. The firm has a market capitalization of £7.60 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 4.69 and a beta of 0.38.

About Severn Trent

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.