Severfield (LON:SFR) Insider Acquires £722.67 in Stock

Key Points

• Insider buying: Severfield director Paul McNerney purchased 1,853 shares at GBX 39 each, totaling £722.67. He has also bought shares in August and October at the same price.
• Stock performance: Shares rose 0.7% to GBX 38.84, with a market capitalization of approximately £114.67 million and a 52-week range of GBX 21.30 to GBX 41.77.
• Analyst outlook: Jefferies reaffirmed a “Buy” rating with a GBX 40 price target, while the two analysts covering the stock have a consensus “Buy” rating and a GBX 44 target price.

Severfield plc (LON:SFR - Get Free Report) insider Paul McNerney acquired 1,853 shares of the stock in a transaction dated Thursday, October 29th. The stock was acquired at an average cost of GBX 39 per share, with a total value of £722.67.

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

• On Wednesday, October 7th, Paul McNerney bought 1,868 shares of Severfield stock. The shares were acquired at an average price of GBX 39 per share, for a total transaction of £728.52.
• On Wednesday, August 26th, Paul McNerney bought 1,874 shares of Severfield stock. The shares were acquired at an average cost of GBX 39 per share, for a total transaction of £730.86.

Severfield Stock Up 0.7%

Severfield stock traded up GBX 0.28 during midday trading on Thursday, reaching GBX 38.84. The company's stock had a trading volume of 110,252 shares, compared to its average volume of 512,306. The stock's 50-day simple moving average is GBX 38.04 and its 200-day simple moving average is GBX 31.87. 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 plc has a 52-week low of GBX 21.30 and a 52-week high of GBX 41.77. The stock has a market capitalization of £114.67 million, a P/E ratio of -3.23 and a beta of 0.90.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 40 price objective 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 data from MarketBeat, the company has an average rating of "Buy" and a consensus target price 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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