Severn Trent Plc (SVT) Trading Down 0.2%

Severn Trent Plc (LON:SVT)’s share price was down 0.2% on Monday . The company traded as low as GBX 2,266 ($29.27) and last traded at GBX 2,270 ($29.32). Approximately 390,178 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 814,811 shares. The stock had previously closed at GBX 2,274 ($29.37).

A number of equities analysts have weighed in on SVT shares. Beaufort Securities reaffirmed a “buy” rating on shares of Severn Trent Plc in a research note on Wednesday, May 24th. Morgan Stanley boosted their target price on shares of Severn Trent Plc from GBX 2,275 ($29.38) to GBX 2,395 ($30.93) and gave the stock an “equal weight” rating in a research note on Friday, July 7th. Barclays PLC boosted their target price on shares of Severn Trent Plc from GBX 2,340 ($30.22) to GBX 2,550 ($32.93) and gave the stock an “equal weight” rating in a research note on Monday, June 12th. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 2,160 ($27.90) target price on shares of Severn Trent Plc in a research note on Friday, July 21st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 2,500 ($32.29) target price on shares of Severn Trent Plc in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 2,358 ($30.45).

The firm’s market capitalization is GBX 5.28 billion. The company has a 50 day moving average of GBX 2,247.81 and a 200 day moving average of GBX 2,336.32.

In other Severn Trent Plc news, insider Emma FitzGerald sold 7,282 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of GBX 2,237 ($28.89), for a total transaction of £162,898.34 ($210,381.43). Also, insider Dominique Reiniche purchased 400 shares of the stock in a transaction on Tuesday, June 27th. The shares were purchased at an average price of GBX 2,266 ($29.27) per share, with a total value of £9,064 ($11,706.06).

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About Severn Trent Plc

Severn Trent Plc treats and provides water and removes wastewater in the United Kingdom and internationally. The Company provides clean water and wastewater services through its businesses, Severn Trent Water and Severn Trent Business Services. It operates through two segments: Regulated Water and Waste Water, and Business Services.

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