Severn Trent (OTCMKTS:SVTRF) Stock Price Up 17.4% – Here’s Why

Shares of Severn Trent PLC (OTCMKTS:SVTRF) rose 17.4% on Thursday . The stock traded as high as $43.5460 and last traded at $43.5460. Approximately 285 shares changed hands during trading, a decline of 57% from the average daily volume of 665 shares. The stock had previously closed at $37.09.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Severn Trent to a “buy” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Severn Trent currently has a consensus rating of “Buy”.

Severn Trent Stock Performance

The stock’s fifty day simple moving average is $38.77 and its 200-day simple moving average is $36.96.

Severn Trent Company Profile

Severn Trent PLC is a UK‐based water utility company providing water supply and wastewater collection and treatment services. Operating primarily in the East and West Midlands regions of England, it serves residential, commercial and industrial customers through a network of treatment works, pumping stations and distribution mains. Its core activities include water abstraction, purification and distribution, as well as sewerage services, treatment plant operation and sludge management.

Beyond regulated supply in England and Wales, Severn Trent delivers non-regulated services under Severn Trent Services, a division that offers environmental consultancy, water infrastructure maintenance, laboratory testing and leak detection.