Severfield (LON:SFR) Receives “Buy” Rating from Jefferies Financial Group

Severfield (LON:SFRGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 40 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 7.82% from the stock’s current price.

Severfield Price Performance

Shares of LON SFR opened at GBX 37.10 on Wednesday. The firm has a market cap of £109.55 million, a P/E ratio of -3.08 and a beta of 0.92. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 48.45. Severfield has a 1-year low of GBX 21.30 and a 1-year high of GBX 38.65. The business’s 50 day moving average is GBX 31.35 and its 200-day moving average is GBX 28.95.

Severfield (LON:SFRGet Free Report) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX (12.03) EPS for the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. The business had revenue of £454.25 million during the quarter. Equities research analysts predict that Severfield will post 8.9704209 earnings per share for the current year.

Insiders Place Their Bets

In other Severfield news, insider Paul McNerney bought 2,716 shares of the business’s stock in a transaction on Tuesday, July 14th. The stock was purchased at an average cost of GBX 36 per share, for a total transaction of £977.76. 2.94% of the stock is owned by insiders.

Severfield Company Profile

(Get Free Report)

Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

Operating on an international scale, Severfield is widely recognised for its iconic structures, engineering excellence, and unparalleled customer service.

We have the design, experience and engineering skills to serve a diverse range of market sectors, from education and hospitals to bridges and commercial offices.

We approach every project, from the highly technical to basic structural work, with the same level of safety, professionalism, commitment, care and customer service.

Our people make Severfield the success story it is today.

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