Severfield’s (SFR) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Severfield (LON:SFR) in a research note issued to investors on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 40 target price on the stock.

Severfield Stock Performance

Shares of LON SFR opened at GBX 37.50 on Wednesday. Severfield has a 12 month low of GBX 21.30 and a 12 month high of GBX 38.65. The company has a market cap of £110.73 million, a P/E ratio of -3.12 and a beta of 0.92. The business’s 50 day moving average is GBX 32.01 and its two-hundred day moving average is GBX 29.13. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 48.45.

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

Insider Transactions at Severfield

In related news, insider Paul McNerney acquired 2,716 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were bought at an average price of GBX 36 per share, for a total transaction of £977.76. 2.94% of the stock is owned by corporate insiders.

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.