Paul McNerney Purchases 1,874 Shares of Severfield (LON:SFR) Stock

Severfield plc (LON:SFR) insider Paul McNerney bought 1,874 shares of the stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of GBX 39 per share, with a total value of £730.86.

Paul McNerney also recently made the following trade(s):

• On Tuesday, July 14th, Paul McNerney bought 2,716 shares of Severfield stock. The shares were bought at an average price of GBX 36 per share, with a total value of £977.76.

Severfield Trading Down 2.2%

SFR traded down GBX 0.85 on Tuesday, hitting GBX 38.10. 321,271 shares of the company were exchanged, compared to its average volume of 547,358. 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 36.58 and a two-hundred day simple moving average of GBX 30.52. The stock has a market capitalization of £112.50 million, a PE ratio of -3.17 and a beta of 0.93. Severfield plc has a 12 month low of GBX 21.30 and a 12 month high of GBX 40.

Severfield (LON:SFR) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX (12.03) earnings per share for the quarter. The company had revenue of £454.25 million during the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. Sell-side analysts expect that Severfield plc will post 8.9704209 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 40 price objective on shares of Severfield in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus 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.