Severfield (LON:SFR) Stock Passes Below 200-Day Moving Average – Time to Sell?

Severfield plc (LON:SFR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 27.92 and traded as low as GBX 26. Severfield shares last traded at GBX 26.50, with a volume of 619,335 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their target price 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, the stock presently has a consensus rating of “Buy” and an average target price of GBX 44.

Severfield Price Performance

The company has a debt-to-equity ratio of 41.67, a quick ratio of 0.99 and a current ratio of 1.06. The stock has a market capitalization of £76.04 million, a P/E ratio of -4.99 and a beta of 0.91. The firm has a 50-day moving average price of GBX 26.06 and a 200 day moving average price of GBX 27.92.

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.