Severfield (LON:SFR) Trading Down 5.7% – Here’s What Happened

Severfield plc (LON:SFR)’s share price was down 5.7% during trading on Tuesday . The company traded as low as GBX 26.50 and last traded at GBX 28.10. Approximately 326,316 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 889,325 shares. The stock had previously closed at GBX 29.80.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon reiterated a “buy” rating and set a GBX 48 price objective on shares of Severfield in a report on Tuesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 48.

Severfield Stock Up 1.5%

The stock has a market capitalization of £86.95 million, a price-to-earnings ratio of -6.32 and a beta of 0.80. The company has a debt-to-equity ratio of 19.24, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a 50-day moving average of GBX 29.14 and a 200 day moving average of GBX 32.14.

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

About Severfield

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.