Insider Buying: Severfield (LON:SFR) Insider Buys £1,960.14 in Stock

Key Points

• Severfield insider Andrew Page bought 5,026 shares at GBX 39 each, investing £1,960.14. This follows two similar purchases in August and October.
• Severfield shares rose 0.7% to GBX 38.84, with the company valued at approximately £114.67 million and trading between GBX 21.30 and GBX 41.77 over the past year.
• Analysts maintain a positive outlook: Jefferies reaffirmed a “Buy” rating with a GBX 40 target, while the average analyst target is GBX 44.

Severfield plc (LON:SFR - Get Free Report) insider Andrew Page bought 5,026 shares of the company's stock in a transaction dated Thursday, October 29th. The shares were acquired at an average price of GBX 39 per share, for a total transaction of £1,960.14.

Andrew Page also recently made the following trade(s):

• On Wednesday, October 7th, Andrew Page purchased 5,065 shares of Severfield stock. The stock was bought at an average cost of GBX 39 per share, for a total transaction of £1,975.35.
• On Wednesday, August 26th, Andrew Page purchased 5,084 shares of Severfield stock. The stock was purchased at an average price of GBX 39 per share, for a total transaction of £1,982.76.

Severfield Stock Up 0.7%

LON:SFR traded up GBX 0.28 on Thursday, reaching GBX 38.84. 110,252 shares of the stock traded hands, compared to its average volume of 512,306. The company has a current ratio of 1.05, a quick ratio of 0.98 and a debt-to-equity ratio of 48.45. The company has a market capitalization of £114.67 million, a price-to-earnings ratio of -3.23 and a beta of 0.90. Severfield plc has a 12 month low of GBX 21.30 and a 12 month high of GBX 41.77. The company's fifty day simple moving average is GBX 38.04 and its 200 day simple moving average is GBX 31.87.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 40 target price on shares of Severfield in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Severfield currently has an average 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.

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