Broader exposure to more defensive sectors, European projects and Indian development has stood Severfield in good stead to attain its FY20 PBT target. The UK general election result may also see some return of confidence in the weaker sentiment sectors. The company is positioned for the next phase in its strategic development, although continues to be perceived as a cyclical UK construction company in our view.
04 Feb 2020
Severfield - Strategically well placed to grow
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Severfield - Strategically well placed to grow
Severfield Plc (SFR:LON) | 69.6 0.6 1.2% | Mkt Cap: 215.4m
- Published:
04 Feb 2020 -
Author:
Toby Thorrington -
Pages:
19
Broader exposure to more defensive sectors, European projects and Indian development has stood Severfield in good stead to attain its FY20 PBT target. The UK general election result may also see some return of confidence in the weaker sentiment sectors. The company is positioned for the next phase in its strategic development, although continues to be perceived as a cyclical UK construction company in our view.