Severfield (LON:SFR) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Severfield plc (LON:SFR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 31.65 and traded as low as GBX 27. Severfield shares last traded at GBX 28, with a volume of 101,348 shares traded.

Analysts Set New Price Targets

Separately, Panmure Gordon restated a “buy” rating and set a GBX 48 price objective on shares of Severfield in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Severfield currently has a consensus rating of “Buy” and an average target price of GBX 48.

Severfield Price Performance

The stock has a market cap of £82.68 million, a price-to-earnings ratio of -5.43 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 19.24. The company’s 50-day moving average is GBX 28.65 and its 200-day moving average is GBX 31.62.

Severfield (LON:SFR) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 0.19 earnings per share for the quarter. Severfield had a return on equity of 7.24% and a net margin of 3.43%. Equities research analysts expect that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.

Severfield Company Profile

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.