Severfield (LON:SFR) Insider Buys 5,084 Shares

Severfield plc (LON:SFR) insider Andrew Page acquired 5,084 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average cost of GBX 39 per share, with a total value of £1,982.76.

Severfield Trading Down 2.2%

Shares of LON:SFR traded down GBX 0.85 during midday trading on Tuesday, reaching GBX 38.10. The company’s stock had a trading volume of 321,271 shares, compared to its average volume of 547,358. Severfield plc has a fifty-two week low of GBX 21.30 and a fifty-two week high of GBX 40. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. The firm has a 50 day moving average price of GBX 36.58 and a two-hundred day moving average price of GBX 30.52. The firm has a market capitalization of £112.50 million, a price-to-earnings ratio of -3.17 and a beta of 0.93.

Severfield (LON:SFR) last issued its earnings results on Wednesday, June 24th. The company reported GBX (12.03) earnings per share for the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.The business had revenue of £454.25 million during the quarter. As a group, analysts forecast that Severfield plc will post 8.9704209 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 40 target price 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, the company has a consensus rating of “Buy” and an average price target of GBX 44.

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.