Severfield’s (SFR) “Buy” Rating Reaffirmed at Jefferies Financial Group

Severfield (LON:SFR)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 40 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 7.82% from the stock’s current price.

Severfield Stock Performance

LON SFR opened at GBX 37.10 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 48.45. The firm’s fifty day moving average price is GBX 31.35 and its two-hundred day moving average price is GBX 28.95. Severfield has a 1 year low of GBX 21.30 and a 1 year high of GBX 38.65. The firm has a market capitalization of £109.55 million, a P/E ratio of -3.08 and a beta of 0.92.

Severfield (LON:SFR) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX (12.03) EPS for the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. The firm had revenue of £454.25 million during the quarter. As a group, research analysts anticipate that Severfield will post 8.9704209 EPS for the current year.

Insiders Place Their Bets

In other Severfield news, insider Paul McNerney purchased 2,716 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The shares were acquired at an average price of GBX 36 per share, for a total transaction of £977.76. Company insiders own 2.94% of the company’s stock.

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.