Severfield (LON:SFR) Reaches New 12-Month High – Here’s What Happened

Shares of Severfield plc (LON:SFR) reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 41.78 and last traded at GBX 38, with a volume of 1,429,145 shares trading hands. The stock had previously closed at GBX 37.10.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 40 price target on shares of Severfield in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Severfield presently has an average rating of “Buy” and a consensus target price of GBX 44.

Severfield Stock Up 2.4%

The stock has a market cap of £112.21 million, a P/E ratio of -3.16 and a beta of 0.93. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 48.45. The company has a 50-day simple moving average of GBX 38 and a two-hundred day simple moving average of GBX 32.93.

Insider Activity

In other Severfield news, insider Paul McNerney purchased 1,868 shares of the stock in a transaction dated Wednesday, October 7th. The shares were purchased at an average cost of GBX 39 per share, with a total value of £728.52. Also, insider Andrew Page bought 5,065 shares of the company’s stock in a transaction on Wednesday, October 7th. The stock was purchased at an average cost of GBX 39 per share, for a total transaction of £1,975.35. Insiders have purchased a total of 13,891 shares of company stock worth $541,749 over the last three months. 2.59% of the stock is currently owned by insiders.

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.