Severfield (LON:SFR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Severfield plc (LON:SFR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Severfield Stock Up 1.1%

The business’s 50 day simple moving average is GBX 26.34 and its 200-day simple moving average is GBX 27.79. The company has a debt-to-equity ratio of 41.67, a quick ratio of 0.99 and a current ratio of 1.06. The company has a market cap of £79.14 million, a price-to-earnings ratio of -5.19 and a beta of 0.91.

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.