Severn Trent (OTCMKTS:SVTRF) Stock Price Up 6% – Still a Buy?

Severn Trent PLC (OTCMKTS:SVTRF)’s stock price rose 6% during trading on Tuesday. The company traded as high as $42.95 and last traded at $42.95. Approximately 372 shares were traded during mid-day trading, a decline of 8% from the average session volume of 403 shares. The stock had previously closed at $40.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Severn Trent from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Severn Trent Stock Performance

The business has a 50-day moving average of $40.82 and a two-hundred day moving average of $40.28.

About Severn Trent

Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated operations, the group collects, treats and supplies drinking water and provides wastewater collection, treatment and related environmental services to households and businesses.

The company primarily serves communities in the Midlands and parts of Wales through its water and wastewater businesses, including Severn Trent Water and Hafren Dyfrdwy. Its activities include operating reservoirs, treatment works, water distribution networks and sewage treatment facilities, as well as maintaining the infrastructure required to support reliable water and wastewater services.

Severn Trent traces its origins to the creation of regional water authorities in the 1970s and became a publicly traded company following the privatization of England and Wales’ water industry in 1989.