Severfield plc (LON:SFR – Get Free Report) hit a new 52-week high on Tuesday. The stock traded as high as GBX 39.90 and last traded at GBX 38, with a volume of 230489 shares changing hands. The stock had previously closed at GBX 39.60.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 40 price target on shares of Severfield in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Severfield currently has an average rating of “Buy” and an average target price of GBX 44.
Read Our Latest Research Report on SFR
Severfield Stock Performance
Insider Buying and Selling
In related news, insider Andrew Page acquired 5,065 shares of Severfield stock in a transaction dated Wednesday, October 7th. The stock was bought at an average price of GBX 39 per share, with a total value of £1,975.35. Also, insider Paul McNerney purchased 1,868 shares of the business’s stock in a transaction on Wednesday, October 7th. The stock was purchased at an average price of GBX 39 per share, for a total transaction of £728.52. Over the last quarter, insiders acquired 16,607 shares of company stock valued at $639,525. 2.59% of the stock is currently owned by corporate 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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