Severfield (LON:SFR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Severfield plc (LON:SFR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 28.62 and traded as high as GBX 38.30. Severfield shares last traded at GBX 37.85, with a volume of 218,904 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 40 price objective on shares of Severfield in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 44.

Severfield Price Performance

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 firm has a fifty day simple moving average of GBX 30.16 and a two-hundred day simple moving average of GBX 28.62. The firm has a market cap of £111.76 million, a PE ratio of -3.15 and a beta of 0.92.

Severfield (LON:SFR) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX (12.03) EPS 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 during the quarter. Equities analysts predict that Severfield plc will post 8.9704209 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul McNerney acquired 2,716 shares of Severfield stock in a transaction that occurred on Tuesday, July 14th. The shares were bought at an average cost of GBX 36 per share, with a total value of £977.76. 2.94% of the stock is owned by company insiders.

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.