Severfield (LON:SFR) Stock Passes Below 200 Day Moving Average – Here’s Why

Severfield plc (LON:SFR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 29.60 and traded as low as GBX 26.74. Severfield shares last traded at GBX 27.90, with a volume of 494,243 shares trading hands.

Analyst Ratings Changes

Separately, Panmure Gordon reaffirmed a “buy” rating and set a GBX 48 price objective on shares of Severfield in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Severfield has an average rating of “Buy” and an average target price of GBX 48.

Severfield Stock Performance

The company has a debt-to-equity ratio of 41.67, a quick ratio of 0.99 and a current ratio of 1.06. The stock has a market cap of £85.04 million, a PE ratio of -5.58 and a beta of 0.80. The company’s 50 day simple moving average is GBX 29.17 and its 200 day simple moving average is GBX 29.60.

Severfield Company Profile

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.