Severn Trent (OTCMKTS:STRNY) Rating Lowered to Hold at Jefferies Financial Group

Severn Trent (OTCMKTS:STRNY) was downgraded by investment analysts at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on STRNY. BNP Paribas Exane started coverage on shares of Severn Trent in a research report on Monday, June 29th. They issued a “neutral” rating for the company. Zacks Research raised Severn Trent from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Severn Trent presently has an average rating of “Hold”.

Severn Trent Trading Up 0.7%

OTCMKTS STRNY opened at $41.76 on Monday. The company has a 50 day moving average of $40.29 and a 200-day moving average of $41.43. Severn Trent has a 1-year low of $33.73 and a 1-year high of $45.46.

About Severn Trent

Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.

The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.