Severfield (LON:SFR) Trading 8.8% Higher – Should You Buy?

Severfield plc (LON:SFR)’s share price was up 8.8% during mid-day trading on Friday . The stock traded as high as GBX 33 and last traded at GBX 32.20. Approximately 4,066,157 shares traded hands during trading, an increase of 793% from the average session volume of 455,432 shares. The stock had previously closed at GBX 29.60.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 40 price target on shares of Severfield in a report on Tuesday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 44.

Severfield Price Performance

The stock has a market capitalization of £95.08 million, a PE ratio of -6.24 and a beta of 1.38. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98. The stock’s fifty day moving average is GBX 26.76 and its 200-day moving average is GBX 27.70.

Severfield (LON:SFR) last issued its quarterly earnings data 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 firm had revenue of £454.25 million during the quarter. As a group, equities analysts predict that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.

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.