Severfield (LON:SFR) Stock Passes Below 200 Day Moving Average – Here’s Why

Severfield plc (LON:SFR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 29.60 and traded as low as GBX 26.74. Severfield shares last traded at GBX 27.90, with a volume of 494,243 shares traded.

Analysts Set New Price Targets

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 48 price objective on shares of Severfield in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 48.

Severfield Trading Up 5.9%

The stock’s 50 day simple moving average is GBX 29.17 and its two-hundred day simple moving average is GBX 29.60. The stock has a market capitalization of £85.04 million, a PE ratio of -5.58 and a beta of 0.80. The company has a debt-to-equity ratio of 41.67, a current ratio of 1.06 and a quick ratio of 0.99.

About Severfield

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.