Severfield (LON:SFR) Shares Up 8.8% – Here’s What Happened

Severfield plc (LON:SFR)’s stock price rose 8.8% on Friday . The stock traded as high as GBX 33 and last traded at GBX 32.20. 4,066,157 shares were traded during trading, an increase of 793% from the average session volume of 455,432 shares. The stock had previously closed at GBX 29.60.

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 note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 44.

Severfield Price Performance

The firm has a 50-day moving average of GBX 26.86 and a 200-day moving average of GBX 27.73. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. The firm has a market capitalization of £95.08 million, a P/E ratio of -6.24 and a beta of 0.93.

Severfield (LON:SFR) last posted its earnings results on Wednesday, June 24th. The company reported GBX (12.03) EPS for the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.The business had revenue of £454.25 million during the quarter. As a group, analysts predict that Severfield plc will post 8.9704209 EPS for the current year.

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.