Severfield (LON:SFR) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Severfield shares crossed above their 200-day moving average, trading as high as GBX 38.30 versus the GBX 31.18 average, and last changing hands at GBX 38.
• Analysts remain bullish: Jefferies reaffirmed a “Buy” rating with a GBX 40 target, while the broader consensus is “Buy” with an average target of GBX 44.
• The company reported a quarterly loss of GBX 12.03 per share, negative net margins and negative return on equity, although insiders recently purchased shares worth about £2,714 in total.

Severfield plc (LON:SFR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 31.18 and traded as high as GBX 38.30. Severfield shares last traded at GBX 38, with a volume of 244,582 shares.

Analyst Ratings Changes

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

Severfield Trading Up 1.2%

The stock has a market cap of £112.21 million, a price-to-earnings ratio of -3.16 and a beta of 0.93. The company has a debt-to-equity ratio of 48.45, a quick ratio of 0.98 and a current ratio of 1.05. The company's 50 day simple moving average is GBX 37.69 and its two-hundred day simple moving average is GBX 31.18.

Severfield (LON:SFR - Get Free Report) last issued its earnings results on Wednesday, June 24th. The company reported GBX (12.03) EPS for the quarter. The firm had revenue of £454.25 million during the quarter. Severfield had a negative net margin of 7.84% and a negative return on equity of 22.06%. Research analysts expect that Severfield plc will post 8.9704209 EPS for the current fiscal year.

Insider Buying and Selling

In other Severfield news, insider Andrew Page purchased 5,084 shares of the company's stock in a transaction dated Wednesday, August 26th. The shares were bought at an average price of GBX 39 per share, for a total transaction of £1,982.76. Also, insider Paul McNerney purchased 1,874 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average price of GBX 39 per share, for a total transaction of £730.86. Insiders acquired 9,674 shares of company stock valued at $369,138 over the last quarter. Corporate insiders own 2.59% of the company's stock.

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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