Severn Trent (OTCMKTS:SVTRF) Shares Down 5.9% – Here’s Why

by · The Markets Daily

Severn Trent PLC (OTCMKTS:SVTRF – Get Free Report)’s share price traded down 5.9% during mid-day trading on Tuesday . The stock traded as low as $39.9875 and last traded at $39.9875. 200 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 520 shares. The stock had previously closed at $42.4820.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded Severn Trent from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Check Out Our Latest Stock Report on Severn Trent

Severn Trent Price Performance

The stock has a 50 day moving average of $39.84 and a two-hundred day moving average of $40.58.

Severn Trent Company Profile

(Get Free Report)

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.

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