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

Severn Trent PLC (LON:SVT)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as GBX 3,275.44 and last traded at GBX 3,266.07, with a volume of 1309147 shares. The stock had previously closed at GBX 3,230.

Wall Street Analyst Weigh In

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

Severn Trent Stock Performance

The stock has a market capitalization of £9.81 billion, a PE ratio of 31.09, a PEG ratio of 4.69 and a beta of 0.38. The business’s 50 day moving average is GBX 2,940.32 and its 200 day moving average is GBX 2,769.81. The company has a current ratio of 2.14, a quick ratio of 0.73 and a debt-to-equity ratio of 450.94.

Insider Activity at Severn Trent

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

Severn Trent Company Profile

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.