Severfield (LON:SFR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Severfield plc (LON:SFR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 28.24 and traded as high as GBX 35.90. Severfield shares last traded at GBX 35.50, with a volume of 600,277 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 40 price target on shares of Severfield in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 44.

Severfield Stock Up 1.4%

The stock has a market capitalization of £107.78 million, a P/E ratio of -3.03 and a beta of 0.92. 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 28.96 and its 200-day moving average is GBX 28.29.

Severfield (LON:SFR) last issued 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 return on equity of 22.06% and a negative net margin of 7.84%. As a group, equities research analysts predict that Severfield plc will post 8.9704209 earnings per share for the current year.

Insider Buying and Selling

In other Severfield news, insider Paul McNerney purchased 2,716 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The shares were acquired at an average cost of GBX 36 per share, for a total transaction of £977.76. 2.94% of the stock is currently owned by company insiders.

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.