Severfield (LON:SFR) Reaches New 12-Month High – Here’s Why

Severfield plc (LON:SFR – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 39.90 and last traded at GBX 38, with a volume of 230489 shares changing hands. The stock had previously closed at GBX 39.60.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 40 price target on shares of Severfield in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 44.

View Our Latest Stock Report on SFR

Severfield Stock Performance

The business has a 50 day moving average price of GBX 38.07 and a 200 day moving average price of GBX 32.03. 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 £112.21 million, a PE ratio of -3.16 and a beta of 0.93.

Insider Activity at Severfield

In other Severfield news, insider Paul McNerney acquired 2,716 shares of the stock in a transaction that occurred on Tuesday, July 14th. The shares were acquired at an average cost of GBX 36 per share, with a total value of £977.76. Also, insider Andrew Page bought 5,084 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of GBX 39 per share, for a total transaction of £1,982.76. In the last quarter, insiders bought 9,674 shares of company stock worth $369,138. Insiders own 2.59% of the company’s stock.

About Severfield

(Get Free Report)

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.

Further Reading

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