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

Severfield plc (LON:SFR)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 29.18 and traded as low as GBX 26.10. Severfield shares last traded at GBX 26.10, with a volume of 236,560 shares traded.

Wall Street Analyst Weigh In

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 48 price objective on shares of Severfield in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 48.

Severfield Stock Performance

The firm has a fifty day moving average of GBX 28.80 and a 200-day moving average of GBX 29.18. 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 firm has a market cap of £77.07 million, a P/E ratio of -5.06 and a beta of 0.82.

Severfield Company Profile

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.