Severfield (LON:SFR) Hits New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 40 target price on shares of Severfield in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Severfield presently has an average rating of “Buy” and a consensus target price of GBX 44.

Severfield Stock Down 2.6%

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 stock has a market cap of £111.62 million, a P/E ratio of -3.14 and a beta of 0.93. The firm has a 50-day simple moving average of GBX 38.01 and a two-hundred day simple moving average of GBX 31.80.

Insider Buying and Selling

In related news, insider Paul McNerney acquired 1,874 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of GBX 39 per share, with a total value of £730.86. Also, insider Andrew Page purchased 5,084 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of GBX 39 per share, with a total value of £1,982.76. Over the last quarter, insiders bought 9,674 shares of company stock valued at $369,138. 2.59% of the stock is owned by company insiders.

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.