Severfield plc (LON:SFR – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 38.01 and traded as high as GBX 40. Severfield shares last traded at GBX 38.15, with a volume of 453,579 shares traded.
Analysts Set New Price Targets
Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 40 price objective on shares of Severfield in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 44.
Get Our Latest Report on Severfield
Severfield Price Performance
The stock has a market capitalization of £112.69 million, a PE ratio of -3.17 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 48.45. The stock’s 50-day moving average is GBX 38.01 and its 200 day moving average is GBX 31.74.
Insiders Place Their Bets
In related news, insider Andrew Page purchased 5,065 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were acquired at an average cost of GBX 39 per share, with a total value of £1,975.35. Also, insider Paul McNerney purchased 1,868 shares of the company’s stock in a transaction dated Wednesday, October 7th. The stock was bought at an average cost of GBX 39 per share, for a total transaction of £728.52. Insiders have acquired a total of 13,891 shares of company stock valued at $541,749 in the last three months. Company insiders own 2.59% of the company’s stock.
Severfield Company Profile
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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