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

Severfield plc (LON:SFR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 29.18 and traded as low as GBX 26.10. Severfield shares last traded at GBX 26.10, with a volume of 236,560 shares.

Analysts Set New Price Targets

Separately, Panmure Gordon reissued a “buy” rating and issued a GBX 48 price target on shares of Severfield in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 48.

Severfield Stock Up 0.1%

The stock has a market cap of £75.37 million, a PE ratio of -4.95 and a beta of 0.82. The firm has a fifty day moving average of GBX 28.70 and a 200 day moving average of GBX 29.12. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 41.67.

About Severfield

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.