Severfield plc (LON:SFR – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 28.24 and traded as high as GBX 35.90. Severfield shares last traded at GBX 35.50, with a volume of 600,277 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 40 target price on shares of Severfield in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 44.
Get Our Latest Stock Report on SFR
Severfield Stock Performance
Severfield (LON:SFR – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The company reported GBX (12.03) earnings per share for the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.The company had revenue of £454.25 million for the quarter. On average, analysts expect that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.
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.
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