Severfield (LON:SFR) Shares Cross Above 200-Day Moving Average – Here’s Why

Severfield plc (LON:SFR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 30.52 and traded as high as GBX 39.50. Severfield shares last traded at GBX 38.10, with a volume of 184,669 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 40 price objective on shares of Severfield in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 44.

Severfield Stock Performance

The stock has a market cap of £114.13 million, a PE ratio of -3.21 and a beta of 0.93. The firm’s 50-day moving average is GBX 36.78 and its 200 day moving average is GBX 30.57. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05.

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

Insider Transactions at Severfield

In related news, insider Paul McNerney purchased 2,716 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were purchased at an average price of GBX 36 per share, with a total value of £977.76. Also, insider Andrew Page purchased 5,084 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of GBX 39 per share, for a total transaction of £1,982.76. In the last three months, insiders have purchased 9,674 shares of company stock worth $369,138. Corporate 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.