Severfield (LON:SFR) Stock Breaks Above Fifty Day Moving Average – What’s Next?

Severfield plc (LON:SFR) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 38.01 and traded as high as GBX 40. Severfield shares last traded at GBX 38.15, with a volume of 453,579 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 40 price target on shares of Severfield in a report on Wednesday, July 29th. 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 an average target price of GBX 44.

Severfield Stock Performance

The stock has a fifty day moving average price of GBX 38.01 and a 200 day moving average price of GBX 31.74. 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 has a market cap of £112.69 million, a price-to-earnings ratio of -3.17 and a beta of 0.90.

Insider Buying and Selling

In other news, insider Paul McNerney purchased 1,868 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were bought at an average price of GBX 39 per share, with a total value of £728.52. Also, insider Andrew Page purchased 5,065 shares of the company’s stock in a transaction dated Wednesday, October 7th. The stock was purchased at an average cost of GBX 39 per share, for a total transaction of £1,975.35. Insiders have acquired 13,891 shares of company stock valued at $541,749 in the last ninety days. Company insiders own 2.59% of the company’s stock.

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.