Severfield (LON:SFR) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Severfield plc (LON:SFR) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 38.01 and traded as high as GBX 40. Severfield shares last traded at GBX 38.15, with a volume of 453,579 shares.

Analyst Upgrades and Downgrades

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

Severfield Stock Performance

The stock has a 50 day moving average of GBX 38.04 and a two-hundred day moving average of GBX 31.87. The stock has a market capitalization of £113.09 million, a PE ratio of -3.18 and a beta of 0.90. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98.

Insiders Place Their Bets

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