Insider Buying: Severfield PLC (LON:SFR) Insider Purchases £124.11 in Stock

Severfield PLC (LON:SFR) insider Alan Dunsmore acquired 197 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of GBX 63 ($0.82) per share, for a total transaction of £124.11 ($162.17).

SFR stock opened at GBX 63.60 ($0.83) on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $194.55 million and a price-to-earnings ratio of 9.64. Severfield PLC has a 12 month low of GBX 60.26 ($0.79) and a 12 month high of GBX 78 ($1.02). The firm has a 50 day moving average of GBX 65.77 and a two-hundred day moving average of GBX 69.16.

The firm also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be given a GBX 1.80 ($0.02) dividend. This represents a yield of 2.52%. This is an increase from Severfield’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, August 15th. Severfield’s payout ratio is currently 0.45%.

A number of brokerages recently commented on SFR. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 98 ($1.28) price objective on shares of Severfield in a research report on Wednesday, June 19th. Peel Hunt reissued a “buy” rating on shares of Severfield in a research report on Monday, June 17th.

Severfield Company Profile

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings.

See Also: Outstanding Shares

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