Severfield (LON:SFR) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Severfield plc (LON:SFR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 27.86 and traded as low as GBX 26.51. Severfield shares last traded at GBX 27.45, with a volume of 147,490 shares trading hands.

Analysts Set New Price Targets

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

Severfield Trading Down 2.4%

The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 41.67. The stock has a 50-day simple moving average of GBX 26.17 and a 200 day simple moving average of GBX 27.86. The company has a market cap of £79.13 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.