Severfield plc (LON:SFR – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 29.30 and traded as high as GBX 38. Severfield shares last traded at GBX 37.40, with a volume of 596,544 shares.
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, According to MarketBeat.com, Severfield has a consensus rating of “Buy” and a consensus target price of GBX 44.
Check Out Our Latest Research Report on SFR
Severfield Price Performance
Severfield (LON:SFR – Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX (12.03) earnings per share for the quarter. The firm had revenue of £454.25 million for the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. Research analysts expect that Severfield plc will post 8.9704209 EPS for the current fiscal year.
Insider Activity at Severfield
In other Severfield news, insider Paul McNerney acquired 2,716 shares of the stock in a transaction dated Tuesday, July 14th. The stock was purchased at an average cost of GBX 36 per share, for a total transaction of £977.76. Company insiders own 2.94% of the company’s stock.
About Severfield
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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