Severfield (LON:SFR) Shares Pass Below 200-Day Moving Average – Should You Sell?

Severfield plc (LON:SFR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 29.43 and traded as low as GBX 26.60. Severfield shares last traded at GBX 28.70, with a volume of 81,471 shares traded.

Wall Street Analyst Weigh In

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

Severfield Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 41.67. The stock has a fifty day moving average price of GBX 29.14 and a 200-day moving average price of GBX 29.43. The firm has a market cap of £84.75 million, a price-to-earnings ratio of -5.56 and a beta of 0.82.

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.