Severfield (LON:SFR) Sets New 12-Month High – Still a Buy?

Severfield plc (LON:SFR – Get Free Report) shares reached a new 52-week high on Tuesday. The stock traded as high as GBX 39.90 and last traded at GBX 39, with a volume of 200206 shares traded. The stock had previously closed at GBX 39.50.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 40 target price on shares of Severfield in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 44.

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Severfield Stock Down 1.3%

The stock has a market cap of £115.16 million, a P/E ratio of -3.24 and a beta of 0.93. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 48.45. The firm’s fifty day moving average is GBX 37.97 and its 200 day moving average is GBX 31.65.

Insider Activity

In other Severfield news, insider Paul McNerney acquired 1,874 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average price of GBX 39 per share, with a total value of £730.86. Also, insider Andrew Page acquired 5,084 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of GBX 39 per share, with a total value of £1,982.76. Over the last ninety days, insiders bought 9,674 shares of company stock worth $369,138. 2.59% of the stock is currently owned by company insiders.

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.

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