Severfield (LON:SFR) Stock Crosses Below 200-Day Moving Average – What’s Next?

Severfield plc (LON:SFR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 31.65 and traded as low as GBX 27. Severfield shares last traded at GBX 28, with a volume of 101,348 shares trading hands.

Wall Street Analyst Weigh In

Separately, Panmure Gordon reiterated a “buy” rating and set a GBX 48 target price on shares of Severfield in a report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 48.

Severfield Stock Down 1.1%

The stock’s 50-day moving average is GBX 28.65 and its 200-day moving average is GBX 31.65. The stock has a market cap of £82.68 million, a P/E ratio of -5.43 and a beta of 0.80. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 19.24.

Severfield (LON:SFR) last posted its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 0.19 earnings per share (EPS) for the quarter. Severfield had a net margin of 3.43% and a return on equity of 7.24%. As a group, research analysts anticipate that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.

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.