Severfield (LON:SFR) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Severfield plc (LON:SFR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 27.79 and traded as low as GBX 26.10. Severfield shares last traded at GBX 26.80, with a volume of 252,813 shares changing hands.

Wall Street Analysts Forecast Growth

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

Severfield Trading Up 1.1%

The business has a 50 day moving average of GBX 26.34 and a two-hundred day moving average of GBX 27.79. The firm has a market cap of £79.14 million, a P/E ratio of -5.19 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 41.67.

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.