Severfield (LON:SFR) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Severfield plc (LON:SFRGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 28.04 and traded as low as GBX 26.10. Severfield shares last traded at GBX 26.15, with a volume of 504,529 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reduced their price target on shares of Severfield from GBX 41 to GBX 40 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Severfield currently has a consensus rating of “Buy” and an average target price of GBX 44.

Check Out Our Latest Research Report on SFR

Severfield Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 41.67. The firm’s 50-day moving average is GBX 26.24 and its 200-day moving average is GBX 28.04. The company has a market cap of £77.22 million, a PE ratio of -5.07 and a beta of 0.91.

About Severfield

(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.

Further Reading

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