Severfield (LON:SFR) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares of Severfield recently fell below its 200‑day moving average (200‑day MA GBX 28.38), trading as low as GBX 25.55 and last at GBX 26.40 on volume of 1,120,524, down about 2.0%.
• Jefferies trimmed its price target from GBX 41 to GBX 40 but kept a Buy rating; the consensus remains a Buy with an average target of GBX 44 from two analysts.
• Key fundamentals: market capitalization £76.36m, negative P/E of -5.01, current ratio 1.06 and quick ratio 0.99, with a debt‑to‑equity ratio of 41.67, indicating modest leverage and near‑break‑even profitability.

Shares of Severfield plc (LON:SFR - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 28.38 and traded as low as GBX 25.55. Severfield shares last traded at GBX 26.40, with a volume of 1,120,524 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group decreased their price target on shares of Severfield from GBX 41 to GBX 40 and set a "buy" rating for the company in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 44.

Severfield Stock Down 2.0%

The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of 41.67. The stock has a market capitalization of £76.36 million, a PE ratio of -5.01 and a beta of 0.82. The stock's fifty day simple moving average is GBX 27.65 and its 200-day simple moving average is GBX 28.38.

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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