Severfield (LON:SFR) Share Price Crosses Below 200 Day Moving Average – Should You 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.

Wall Street Analysts Forecast Growth

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

Severfield Trading Down 2.4%

The company has a market capitalization of £79.13 million, a price-to-earnings ratio of -5.19 and a beta of 0.91. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 41.67. The company’s 50 day simple moving average is GBX 26.17 and its two-hundred day simple moving average is GBX 27.86.

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.