Severn Trent (OTCMKTS:SVTRF) Stock Falls 0.1% – Here’s What Happened

Severn Trent PLC (OTCMKTS:SVTRF)’s share price traded down 0.1% during trading on Tuesday. The company traded as low as $40.66 and last traded at $40.66. 119 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 443 shares. The stock had previously closed at $40.70.

Analysts Set New Price Targets

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

Severn Trent Stock Down 0.1%

The company’s fifty day moving average price is $40.50 and its 200-day moving average price is $40.58.

About Severn Trent

Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated businesses, the company collects, treats and distributes drinking water and provides sewage collection, treatment and disposal services to households, businesses and other customers.

Severn Trent Water serves communities across the Midlands of England, while the company’s wastewater operations cover a broader area within its regulated region. Its activities include operating water treatment works, reservoirs, pumping stations and sewer networks, as well as maintaining and upgrading the infrastructure required to support reliable water and wastewater services.

The company also has activities outside its core regulated operations, including infrastructure-related services and non-household water retail through Water Plus, its joint venture with United Utilities.