Severfield (LON:SFR) Stock: Insider Paul McNerney Acquires 1,868 Shares

Severfield plc (LON:SFR) insider Paul McNerney purchased 1,868 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were bought at an average cost of GBX 39 per share, with a total value of £728.52.

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

• On Wednesday, August 26th, Paul McNerney purchased 1,874 shares of Severfield stock. The stock was bought at an average price of GBX 39 per share, with a total value of £730.86.
• On Tuesday, July 14th, Paul McNerney acquired 2,716 shares of Severfield stock. The stock was bought at an average cost of GBX 36 per share, for a total transaction of £977.76.

Severfield Price Performance

Shares of LON:SFR opened at GBX 37.60 on Friday. The company has a market capitalization of £111.03 million, a P/E ratio of -3.13 and a beta of 0.93. Severfield plc has a 1-year low of GBX 21.30 and a 1-year high of GBX 40. The firm’s 50 day simple moving average is GBX 38.09 and its two-hundred day simple moving average is GBX 32.28. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98.

Analyst Ratings Changes

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