Severfield (LON:SFR) Share Price Passes 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 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 traded.

Analysts Set New Price Targets

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

Severfield Stock Up 0.2%

The firm has a 50 day simple moving average of GBX 26.20 and a two-hundred day simple moving average of GBX 27.86. 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 stock has a market capitalization of £81.20 million, a P/E ratio of -5.33 and a beta of 0.91.

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.