Severfield PLC (LON:SFR) Earns “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their buy rating on shares of Severfield PLC (LON:SFR) in a research report sent to investors on Thursday, June 15th. The brokerage currently has a GBX 90 ($1.17) target price on the stock.
SFR has been the topic of several other reports. Peel Hunt reiterated a buy rating and set a GBX 90 ($1.17) target price on shares of Severfield PLC in a research report on Monday, June 12th. N+1 Singer restated a buy rating and set a GBX 98 ($1.27) price target on shares of Severfield PLC in a report on Thursday, March 30th.
Severfield PLC (LON SFR) traded up 0.17% during midday trading on Thursday, reaching GBX 75.25. The company had a trading volume of 4,067 shares. The company’s market capitalization is GBX 225.16 million. Severfield PLC has a 52-week low of GBX 43.00 and a 52-week high of GBX 88.00. The company’s 50 day moving average is GBX 82.58 and its 200-day moving average is GBX 80.34.
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The company also recently declared a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be issued a dividend of GBX 1.60 ($0.02) per share. This is a positive change from Severfield PLC’s previous dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 17th. This represents a yield of 1.94%.
In other news, insider Mark Sanderson sold 23,448 shares of Severfield PLC stock in a transaction on Thursday, June 15th. The shares were sold at an average price of GBX 82 ($1.06), for a total value of £19,227.36 ($24,905.91).
Severfield PLC Company Profile
Severfield plc is a structural steelwork company in the United Kingdom, which is engaged in construction contract business. The Company serves the construction and infrastructure markets. Its construction sectors consist of commercial offices, industrial and distribution, stadia and leisure, retail, and data centers and other.
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