Severfield (LON:SFR) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Severfield plc (LON:SFR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 28.62 and traded as high as GBX 38.30. Severfield shares last traded at GBX 37.85, with a volume of 218,904 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 40 target price on shares of Severfield in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 44.

Severfield Price Performance

The firm has a market capitalization of £111.76 million, a PE ratio of -3.15 and a beta of 0.92. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98. The firm has a 50-day simple moving average of GBX 30.16 and a 200-day simple moving average of GBX 28.62.

Severfield (LON:SFR) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX (12.03) EPS 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 for the quarter. As a group, equities analysts forecast that Severfield plc will post 8.9704209 earnings per share for the current year.

Insider Transactions at Severfield

In related news, insider Paul McNerney purchased 2,716 shares of Severfield stock in a transaction on Tuesday, July 14th. The stock was acquired at an average price of GBX 36 per share, for a total transaction of £977.76. Corporate insiders own 2.94% of the company’s stock.

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.