Severfield (LON:SFR) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Severfield plc (LON:SFR)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 27.79 and traded as low as GBX 26.10. Severfield shares last traded at GBX 26.80, with a volume of 252,813 shares changing hands.

Analyst Upgrades and Downgrades

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

Severfield Stock Up 1.1%

The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 41.67. The stock has a market cap of £79.14 million, a P/E ratio of -5.19 and a beta of 0.91. The firm has a 50-day simple moving average of GBX 26.34 and a two-hundred day simple moving average of GBX 27.79.

Severfield Company Profile

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.