Peel Hunt Reaffirms Buy Rating for Severfield (LON:SFR)

Peel Hunt reissued their buy rating on shares of Severfield (LON:SFR) in a research report released on Thursday, ThisIsMoney.Co.Uk reports.

Separately, Jefferies Financial Group lowered their price objective on shares of Severfield from GBX 108 ($1.33) to GBX 85 ($1.05) and set a buy rating on the stock in a research report on Thursday, April 16th.

Shares of Severfield stock opened at GBX 59.40 ($0.73) on Thursday. The company has a market cap of $182.73 million and a price-to-earnings ratio of 9.00. The company’s 50 day moving average is GBX 63.28 and its 200 day moving average is GBX 71.87. Severfield has a twelve month low of GBX 0.58 ($0.01) and a twelve month high of GBX 96 ($1.18). The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 21.43.

The firm also recently declared a dividend, which will be paid on Friday, September 11th. Shareholders of record on Thursday, August 13th will be given a GBX 1.80 ($0.02) dividend. The ex-dividend date is Thursday, August 13th. This is an increase from Severfield’s previous dividend of $1.10. This represents a yield of 3.05%. Severfield’s dividend payout ratio (DPR) is presently 45.45%.

In other Severfield news, insider Alun Hughes Griffiths purchased 10,000 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were acquired at an average cost of GBX 62 ($0.76) per share, for a total transaction of £6,200 ($7,629.83). Insiders acquired 10,542 shares of company stock worth $657,537 over the last quarter.

About Severfield

Severfield plc, a structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Mainland Europe, and internationally. It manufactures metal decking products; composite metal flooring products; and steel and plated beams, steel sections, steelwork products, and intumescent coatings.

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