Severn Trent (LON:SVT) Shares Up 5.7% - Here's What Happened

Shares of Severn Trent PLC (LON:SVT - Get Free Report) rose 5.7% during mid-day trading 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 were traded during 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).

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Severn Trent in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft lowered their target price on 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 note on Thursday, March 6th.

Severn Trent Stock Up 2.0 %

The company has a quick ratio of 0.73, a current ratio of 2.14 and a debt-to-equity ratio of 450.94. The business has a 50-day simple moving average of GBX 2,474.62 and a 200-day simple moving average of GBX 2,554.16. The stock has a market cap of £7.58 billion, a P/E ratio of 42.40, a PEG ratio of 4.69 and a beta of 0.38.

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.