Severfield (LON:SFR) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Severfield's stock crossed below its 200-day moving average, trading as low as GBX 25.20 and last at GBX 26.35 versus the 200‑day MA of GBX 28.24 on volume of 231,780 shares.
• Jefferies cut its target to GBX 40 (from GBX 41) but kept a "buy" rating; the MarketBeat consensus remains a Buy with a consensus price target of GBX 44 from two analysts.
• The company has a market capitalization of £77.81 million and a negative P/E of -5.11, with liquidity ratios (quick 0.99, current 1.06) and a debt-to-equity of 41.67 indicating modest leverage and recent profitability challenges.

Severfield plc (LON:SFR - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 28.24 and traded as low as GBX 25.20. Severfield shares last traded at GBX 26.35, with a volume of 231,780 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group decreased their target price on Severfield from GBX 41 to GBX 40 and set a "buy" rating for the company in a report on Thursday, April 16th. Two research 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 Stock Performance

The stock has a market capitalization of £77.81 million, a PE ratio of -5.11 and a beta of 0.92. The stock has a fifty day moving average of GBX 27.24 and a 200-day moving average of GBX 28.24. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 41.67.

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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