Analyst Andrew Douglas of Jefferies maintained a Buy rating on Severfield, with a price target of p41.00.
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Andrew Douglas has given his Buy rating due to a combination of factors, notably the strengthening of Severfield’s leadership team and the strategic direction now being executed. The appointment of Andrew Page as permanent CFO, who brings relevant U.K. construction experience and familiarity with the CEO, is expected to reinforce financial discipline and support the rapid transformation agenda.
Douglas also highlights that the new CEO is moving swiftly, evidenced by key senior hires and the establishment of a London hub, which together signal a more dynamic and growth-oriented operating model. Against this backdrop, he sees a compelling long-term recovery and expansion opportunity for Severfield, which underpins his conviction that the current valuation does not fully reflect the company’s improved prospects and justifies a Buy recommendation.