Insider Buying: Severfield (LON:SFR) Insider Acquires £728.52 in Stock

Severfield plc (LON:SFR) insider Paul McNerney acquired 1,868 shares of the stock in a transaction dated Wednesday, October 7th. The stock was acquired at an average price of GBX 39 per share, for a total transaction of £728.52.

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

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

Severfield Stock Down 1.1%

Shares of SFR stock opened at GBX 37.20 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 48.45. Severfield plc has a 1 year low of GBX 21.30 and a 1 year high of GBX 40. The firm’s fifty day moving average price is GBX 38.08 and its two-hundred day moving average price is GBX 32.32. The firm has a market capitalization of £109.84 million, a P/E ratio of -3.09 and a beta of 0.93.

Analysts Set New Price Targets

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