What Next for Severfield PLC Stock After Today’s Huge Increase?

 What Next for Severfield PLC Stock After Today's Huge Increase?

The stock of Severfield PLC (LON:SFR) is a huge mover today! The stock decreased 1.24% or GBX 0.88 on November 23, hitting GBX 69.62. About 198,294 shares traded hands or 111.38% up from the average. Severfield PLC (LON:SFR) has risen 36.23% since April 26, 2016 and is uptrending. It has outperformed by 30.90% the S&P500.
The move comes after 6 months positive chart setup for the GBX 207.14 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 73.10 PT which if reached, will make LON:SFR worth GBX 10.36 million more.

Severfield PLC (LON:SFR) Ratings Coverage

Out of 2 analysts covering Severfield (LON:SFR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 80 is the highest target while GBX 73 is the lowest. The GBX 76.50 average target is 9.88% above today’s (GBX 69.62) stock price. Severfield has been the topic of 5 analyst reports since October 6, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Buy” rating in Tuesday, January 26 report. Jefferies maintained Severfield PLC (LON:SFR) on Tuesday, May 24 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and GBX 80 target price in Tuesday, October 20 report. The stock has “Buy” rating given by Canaccord Genuity on Tuesday, November 24. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, October 6.

More news for Severfield PLC (LON:SFR) were recently published by: Fool.Co.Uk, which released: “Should You Consider Buying Tesco PLC, Walker Greenback plc And Severfield PLC?” on June 17, 2015. Fool.Co.Uk‘s article titled: “Are Jimmy Choo plc, Servelec Group plc, Aveva Group plc and Severfield plc …” and published on June 15, 2016 is yet another important article.

Severfield plc is a structural steelwork firm in the United Kingdom, which is engaged in construction contract business. The company has a market cap of 207.14 million GBP. The Firm serves the construction and infrastructure markets. It has a 24.28 P/E ratio. The Company’s construction sectors consist of commercial offices, industrial and distribution, stadia and leisure, retail, and data centers and other.

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