Insider Buying: Severfield (LON:SFR) Insider Acquires £722.67 in Stock

Severfield plc (LON:SFR) insider Paul McNerney bought 1,853 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average price of GBX 39 per share, with a total value of £722.67.

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

• On Wednesday, October 7th, Paul McNerney purchased 1,868 shares of Severfield stock. The shares were purchased at an average price of GBX 39 per share, for a total transaction of £728.52.
• On Wednesday, August 26th, Paul McNerney acquired 1,874 shares of Severfield stock. The shares were acquired at an average cost of GBX 39 per share, for a total transaction of £730.86.

Severfield Price Performance

Shares of SFR opened at GBX 38.75 on Friday. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. Severfield plc has a fifty-two week low of GBX 21.30 and a fifty-two week high of GBX 41.77. The firm has a 50-day simple moving average of GBX 38.05 and a 200-day simple moving average of GBX 31.96. The company has a market capitalization of £114.42 million, a price-to-earnings ratio of -3.22 and a beta of 0.90.

Analyst Upgrades and Downgrades

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