Severfield (LON:SFR) Stock Price Down 9.3% – Should You Sell?

Severfield plc (LON:SFR) shares were down 9.3% during mid-day trading on Friday . The company traded as low as GBX 29.40 and last traded at GBX 29.40. Approximately 160,015 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 451,814 shares. The stock had previously closed at GBX 32.40.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 48 price target on shares of Severfield in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 48.

Severfield Stock Performance

The company has a fifty day moving average of GBX 29.06 and a two-hundred day moving average of GBX 29.76. The firm has a market capitalization of £93.75 million, a price-to-earnings ratio of -6.15 and a beta of 0.80. The company has a debt-to-equity ratio of 19.24, a quick ratio of 0.99 and a current ratio of 1.15.

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

About Severfield

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.