Severfield (LON:SFR) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Severfield plc (LON:SFR)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 29.72 and traded as high as GBX 38.60. Severfield shares last traded at GBX 38.20, with a volume of 230,900 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 40 price target on shares of Severfield in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 44.

Severfield Price Performance

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 company has a 50 day simple moving average of GBX 34.11 and a two-hundred day simple moving average of GBX 29.78. The firm has a market capitalization of £110.73 million, a P/E ratio of -3.12 and a beta of 0.92.

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

Insiders Place Their Bets

In related news, insider Paul McNerney purchased 2,716 shares of Severfield stock in a transaction on Tuesday, July 14th. The shares were bought at an average cost of GBX 36 per share, for a total transaction of £977.76. Insiders own 2.59% of the company’s stock.

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.