Severfield plc (LON:SFR – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as GBX 41.78 and last traded at GBX 38, with a volume of 1,429,145 shares trading hands. The stock had previously closed at GBX 37.10.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 40 target price on shares of Severfield in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Severfield currently has a consensus rating of “Buy” and a consensus price target of GBX 44.
View Our Latest Stock Analysis on SFR
Severfield Price Performance
The stock has a market cap of £112.21 million, a PE ratio of -3.16 and a beta of 0.93. 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’s fifty day moving average is GBX 38 and its 200-day moving average is GBX 32.93.
Insider Activity
In related news, insider Paul McNerney acquired 1,868 shares of Severfield stock in a transaction that occurred on Wednesday, October 7th. The stock was purchased at an average price of GBX 39 per share, for a total transaction of £728.52. Also, insider Andrew Page purchased 5,065 shares of the firm’s stock in a transaction on Wednesday, October 7th. The shares were purchased at an average cost of GBX 39 per share, for a total transaction of £1,975.35. Insiders have bought a total of 13,891 shares of company stock worth $541,749 in the last three months. Corporate insiders own 2.59% of the company’s stock.
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.
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