Severfield (LON:SFR) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Severfield plc (LON:SFR – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 31.93 and traded as low as GBX 27.40. Severfield shares last traded at GBX 28, with a volume of 350,049 shares traded.

Wall Street Analyst Weigh In

Separately, Panmure Gordon reissued a “buy” rating and issued a GBX 48 price target on shares of Severfield in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 48.

Check Out Our Latest Analysis on SFR

Severfield Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 19.24. The stock has a market capitalization of £85.63 million, a price-to-earnings ratio of -5.62 and a beta of 0.80. The firm’s fifty day moving average price is GBX 28.78 and its 200 day moving average price is GBX 31.89.

Severfield (LON:SFR – Get Free Report) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 0.19 earnings per share (EPS) for the quarter. Severfield had a return on equity of 7.24% and a net margin of 3.43%. Analysts forecast that Severfield plc will post 8.9704209 EPS for the current fiscal year.

Severfield Company Profile

(Get Free Report)

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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