Severfield (LON:SFR) Hits New 1-Year High – Still a Buy?

Severfield plc (LON:SFR – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 39.90 and last traded at GBX 38, with a volume of 230489 shares traded. The stock had previously closed at GBX 39.60.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Severfield

Severfield Stock Performance

The business has a fifty day moving average of GBX 38.07 and a 200-day moving average of GBX 32.03. The company has a market cap of £112.21 million, a PE ratio of -3.16 and a beta of 0.93. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 48.45.

Insider Buying and Selling

In other Severfield news, insider Paul McNerney purchased 2,716 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The stock was bought 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 business’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 90 days, insiders have purchased 9,674 shares of company stock valued at $369,138. 2.59% of the stock is owned by corporate insiders.

About Severfield

(Get Free Report)

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.

Further Reading

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