Severn Trent (LON:SVT) Stock Price Up 5.7% - Here's Why

Shares of Severn Trent PLC (LON:SVT - Get Free Report) shot up 5.7% during trading on Friday . The company traded as high as GBX 2,713 ($34.67) and last traded at GBX 2,690.28 ($34.38). 918,585 shares changed hands during trading, a decline of 67% from the average session volume of 2,804,337 shares. The stock had previously closed at GBX 2,545 ($32.52).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Severn Trent from GBX 2,700 ($34.50) to GBX 2,600 ($33.22) and set a "hold" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of Severn Trent in a research report on Thursday, March 6th.

Severn Trent Stock Down 1.7 %

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 stock's fifty day simple moving average is GBX 2,475.70 and its two-hundred day simple moving average is GBX 2,549.77. The company has a market capitalization of £7.43 billion, a price-to-earnings ratio of 41.51, a P/E/G 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.