Severfield (LON:SFR) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Severfield plc (LON:SFR) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 28.24 and traded as low as GBX 25.20. Severfield shares last traded at GBX 26.35, with a volume of 231,780 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price objective on shares of Severfield from GBX 41 to GBX 40 and set a “buy” rating on the stock in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 44.

Severfield Stock Up 4.4%

The firm has a market cap of £77.81 million, a PE ratio of -5.11 and a beta of 0.92. The company has a debt-to-equity ratio of 41.67, a quick ratio of 0.99 and a current ratio of 1.06. The firm’s 50-day moving average price is GBX 27.24 and its two-hundred day moving average price is GBX 28.24.

About Severfield

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.