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Severfield ( (GB:SFR) ) just unveiled an update.
Severfield plc has appointed Paul McNerney as its new Chief Executive Officer, effective in the autumn. McNerney brings over 25 years of leadership experience in the construction and engineering sector, notably from Laing O’Rourke, where he led significant projects and drove transformation and growth. His appointment is expected to guide Severfield through its rebuilding process and into a new phase of growth and innovation, enhancing its market leadership and long-term success.
The most recent analyst rating on (GB:SFR) stock is a Buy with a £122.00 price target. To see the full list of analyst forecasts on Severfield stock, see the GB:SFR Stock Forecast page.
Spark’s Take on GB:SFR Stock
According to Spark, TipRanks’ AI Analyst, GB:SFR is a Neutral.
Severfield’s overall stock score reflects significant financial challenges, particularly in revenue and cash flow, which are partially offset by a stable balance sheet and a high dividend yield. Technical indicators suggest neutral momentum, while recent corporate events provide a minor positive influence.
To see Spark’s full report on GB:SFR stock, click here.
More about Severfield
Severfield is the UK’s market leader in the design, fabrication, and construction of structural steel, with a total capacity of approximately 150,000 tonnes of steel per annum. The Group operates seven sites, employs around 1,800 people, and has expertise in large, complex projects across various sectors. Severfield also has a significant presence in the Indian market through a 50/50 joint venture with JSW Steel, India’s largest steel producer.
Average Trading Volume: 807,636
Technical Sentiment Signal: Sell
Current Market Cap: £84.31M
For detailed information about SFR stock, go to TipRanks’ Stock Analysis page.