Shares of Severfield plc (LON:SFR – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 29.30 and traded as high as GBX 38. Severfield shares last traded at GBX 37.40, with a volume of 596,544 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 40 target price on shares of Severfield in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 44.
View Our Latest Stock Report on Severfield
Severfield Price Performance
Severfield (LON:SFR – Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX (12.03) EPS for the quarter. The business had revenue of £454.25 million during the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. Equities analysts anticipate that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.
Insider Transactions at Severfield
In related news, insider Paul McNerney acquired 2,716 shares of Severfield stock in a transaction dated Tuesday, July 14th. The shares were purchased at an average price of GBX 36 per share, for a total transaction of £977.76. 2.59% of the stock is currently owned by company insiders.
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.
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