Severfield (LON:SFR) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Severfield plc (LON:SFR)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 28.10 and traded as low as GBX 25. Severfield shares last traded at GBX 25, with a volume of 160,352 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price objective on Severfield from GBX 41 to GBX 40 and set a “buy” rating for the company in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 44.

Severfield Price Performance

The company has a debt-to-equity ratio of 41.67, a current ratio of 1.06 and a quick ratio of 0.99. The firm has a 50 day simple moving average of GBX 26.71 and a 200-day simple moving average of GBX 28.10. The stock has a market capitalization of £73.82 million, a price-to-earnings ratio of -4.84 and a beta of 0.92.

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.