Key Points
- Severfield insider Paul McNerney purchased 1,868 shares at GBX 39 each, worth approximately £728.52, adding to purchases made in July and August.
- Severfield shares opened at GBX 37.75, with a 52-week range of GBX 21.30 to GBX 40 and a market capitalization of approximately £111.47 million.
- Analyst sentiment remains positive: Jefferies reaffirmed a “Buy” rating with a GBX 40 target, while the broader consensus is “Buy” with a GBX 44 target.
Severfield plc (LON:SFR - Get Free Report) insider Paul McNerney purchased 1,868 shares of the firm's stock in a transaction that occurred on Wednesday, October 7th. The stock was bought at an average cost of GBX 39 per share, with a total value of £728.52.
Paul McNerney also recently made the following trade(s):
- On Wednesday, August 26th, Paul McNerney acquired 1,874 shares of Severfield stock. The stock was bought at an average price of GBX 39 per share, with a total value of £730.86.
- On Tuesday, July 14th, Paul McNerney acquired 2,716 shares of Severfield stock. The shares were purchased at an average cost of GBX 36 per share, for a total transaction of £977.76.
Severfield Stock Performance
Severfield stock opened at GBX 37.75 on Thursday. Severfield plc has a fifty-two week low of GBX 21.30 and a fifty-two week high of GBX 40. The stock's 50 day simple moving average is GBX 38.10 and its two-hundred day simple moving average is GBX 32.20. 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 stock has a market cap of £111.47 million, a price-to-earnings ratio of -3.14 and a beta of 0.93.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 40 price target on shares of Severfield in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Severfield currently has a consensus rating of "Buy" and a consensus price target of GBX 44.
View Our Latest Research Report on Severfield
Severfield Company Profile
(
Get Free Report)
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.
Further Reading
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