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

Severfield (LON:SFRGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They currently have a GBX 40 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 40.85% from the stock’s previous close.

Severfield Stock Up 2.2%

Shares of Severfield stock traded up GBX 0.60 on Tuesday, reaching GBX 28.40. The stock had a trading volume of 2,168,261 shares, compared to its average volume of 397,097. The company has a quick ratio of 0.98, a current ratio of 1.06 and a debt-to-equity ratio of 41.67. The stock has a market capitalization of £83.86 million, a P/E ratio of -5.50 and a beta of 0.93. The company has a 50 day moving average price of GBX 26.60 and a 200 day moving average price of GBX 27.70. Severfield has a 1 year low of GBX 21.30 and a 1 year high of GBX 40.60.

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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