Severfield (LON:SFR) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Severfield plc (LON:SFR) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 27.92 and traded as low as GBX 26. Severfield shares last traded at GBX 26.50, with a volume of 619,335 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their price objective on shares of Severfield from GBX 41 to GBX 40 and set a “buy” rating for the company in a research report on Thursday, April 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 44.

Severfield Price Performance

The company has a debt-to-equity ratio of 41.67, a quick ratio of 0.99 and a current ratio of 1.06. The company has a market cap of £84.16 million, a P/E ratio of -5.52 and a beta of 0.91. The firm’s fifty day moving average is GBX 26.09 and its two-hundred day moving average is GBX 27.91.

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.