Severn Trent (LON:SVT) Sets New 52-Week High – Still a Buy?

Severn Trent PLC (LON:SVT) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 3,229.32 and last traded at GBX 3,212, with a volume of 380935 shares. The stock had previously closed at GBX 3,202.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SVT shares. Citigroup reduced their price target on shares of Severn Trent from GBX 2,875 to GBX 2,849 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Severn Trent from GBX 3,000 to GBX 2,950 and set a “hold” rating on the stock in a report on Monday, January 19th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 2,928.80.

Severn Trent Trading Up 0.3%

The company has a debt-to-equity ratio of 450.94, a current ratio of 2.14 and a quick ratio of 0.73. The company has a market cap of £9.67 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 4.69 and a beta of 0.38. The business’s 50-day simple moving average is GBX 2,857.74 and its 200-day simple moving average is GBX 2,736.27.

Severn Trent (LON:SVT) last released its quarterly earnings results on Wednesday, November 19th. The company reported GBX 101 EPS for the quarter. Severn Trent had a net margin of 6.00% and a return on equity of 10.40%. Research analysts predict that Severn Trent PLC will post 107.3706004 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Helen Miles sold 22,000 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of GBX 2,758, for a total value of £606,760. Insiders own 0.32% of the company’s stock.

About Severn Trent

As one of Britain’s largest water companies, we supply fresh, clean drinking water to over nine million people across our region – around two billion litres every day. Once used, we collect, clean, and treat the water before safely returning it 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 inflation-linked dividends. The UK’s regulatory model provides a high degree of certainty over five-year periods.