Severfield (LON:SFR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Severfield plc (LON:SFR)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 27.96 and traded as high as GBX 36.50. Severfield shares last traded at GBX 36.40, with a volume of 8,739,289 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 40 target price on shares of Severfield in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 44.

Severfield Stock Performance

The company’s 50 day simple moving average is GBX 27.70 and its 200 day simple moving average is GBX 27.96. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. The stock has a market cap of £107.48 million, a PE ratio of -7.05 and a beta of 0.92.

Severfield (LON:SFR) last announced its earnings results on Wednesday, June 24th. The company reported GBX (12.03) earnings per share for the quarter. The business had revenue of £454.25 million during the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%. Analysts expect that Severfield plc will post 8.9704209 earnings per share for the current year.

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.