Paul McNerney Purchases 1,874 Shares of Severfield (LON:SFR) Stock

Key Points

• Insider buying: Paul McNerney purchased 1,874 Severfield shares at GBX 39 each, totaling £730.86, following another purchase of 2,716 shares in July.
• Stock performance: Severfield shares recently traded at GBX 38.10, near their one-year high of GBX 40, with a market capitalization of approximately £112.5 million.
• Analyst outlook: Analysts maintain a consensus “Buy” rating, with a target price of GBX 44; however, the company reported negative quarterly EPS of GBX 12.03 and a net loss margin of 7.84%.

Severfield plc (LON:SFR - Get Free Report) insider Paul McNerney bought 1,874 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average cost of GBX 39 per share, for a total transaction of £730.86.

Paul McNerney also recently made the following trade(s):

• On Tuesday, July 14th, Paul McNerney bought 2,716 shares of Severfield stock. The shares were bought at an average price of GBX 36 per share, with a total value of £977.76.

Severfield Price Performance

SFR stock traded down GBX 0.85 during midday trading on Tuesday, reaching GBX 38.10. The company had a trading volume of 321,271 shares, compared to its average volume of 547,358. The firm has a 50-day moving average price of GBX 36.58 and a 200-day moving average price of GBX 30.52. The company has a market capitalization of £112.50 million, a P/E ratio of -3.17 and a beta of 0.93. Severfield plc has a 1 year low of GBX 21.30 and a 1 year high of GBX 40. The company has a debt-to-equity ratio of 48.45, a current ratio of 1.05 and a quick ratio of 0.98.

Severfield (LON:SFR - Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The company reported GBX (12.03) earnings per share (EPS) for the quarter. Severfield had a negative return on equity of 22.06% and a negative net margin of 7.84%.The company had revenue of £454.25 million for the quarter. On average, research analysts anticipate that Severfield plc will post 8.9704209 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a "buy" rating and set a GBX 40 price objective on shares of Severfield in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 44.

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.

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