Severfield (LON:SFR) Sets New 1-Year High – Here’s Why

Severfield plc (LON:SFR) shares reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 39.90 and last traded at GBX 39, with a volume of 200206 shares trading hands. The stock had previously closed at GBX 39.50.

Analyst Ratings Changes

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

Severfield Price Performance

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 £115.16 million, a price-to-earnings ratio of -3.24 and a beta of 0.93. The stock’s 50 day simple moving average is GBX 37.97 and its 200-day simple moving average is GBX 31.65.

Insider Buying and Selling at Severfield

In other Severfield news, insider Andrew Page bought 5,084 shares of the stock in a transaction on Wednesday, August 26th. The shares were purchased at an average cost of GBX 39 per share, with a total value of £1,982.76. Also, insider Paul McNerney bought 1,874 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were bought at an average price of GBX 39 per share, for a total transaction of £730.86. In the last ninety days, insiders purchased 9,674 shares of company stock valued at $369,138. 2.59% of the stock is owned by company insiders.

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.