Severfield plc (LON:SFR – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 41.78 and last traded at GBX 38, with a volume of 1,429,145 shares traded. The stock had previously closed at GBX 37.10.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 40 price target on shares of Severfield in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, Severfield currently has an average rating of “Buy” and a consensus price target of GBX 44.
Check Out Our Latest Analysis on Severfield
Severfield Trading Up 2.4%
The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. The company’s 50 day moving average is GBX 38 and its 200 day moving average is GBX 33.11. The stock has a market capitalization of £115.16 million, a price-to-earnings ratio of -3.24 and a beta of 0.93.
Insider Activity
In related news, insider Andrew Page acquired 5,084 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of GBX 39 per share, for a total transaction of £1,982.76. Also, insider Paul McNerney acquired 1,874 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of GBX 39 per share, with a total value of £730.86. In the last 90 days, insiders have bought 13,891 shares of company stock worth $541,749. Insiders own 2.59% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Severfield
- NextEra and Dominion Have a Deal—Now Comes the Hard Part
- Microsoft’s Earnings Problem: Even Great May Not Be Enough
- 3 Stocks With Yields Big Enough to Make Election Volatility Easier to Stomach
- Is Texas Instruments Setting Up for Its Next Big Breakout?
Receive News & Ratings for Severfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severfield and related companies with MarketBeat.com's FREE daily email newsletter.
