Severfield (LON:SFR) Releases Earnings Results

Severfield (LON:SFR) issued its earnings results on Wednesday. The company reported GBX (12.03) earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of £454.25 million during the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.

Severfield Trading Up 7.7%

Shares of LON SFR opened at GBX 31.87 on Friday. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98. The stock has a market capitalization of £94.11 million, a P/E ratio of -6.18 and a beta of 1.38. Severfield has a 1-year low of GBX 21.30 and a 1-year high of GBX 40.60. The business has a fifty day moving average price of GBX 26.76 and a 200 day moving average price of GBX 27.70.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 40 price objective on shares of Severfield in a research note on Tuesday. Two equities 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 an average price target of GBX 44.

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.