RCS - Severfield PLC - Progressive publishes new research

SeverfieldAnnouncement

28/03/2025 08:30

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RNS Number : 6744C  Severfield PLC  28 March 2025

Severfield plc

New Progressive research note

 

Progressive Equity Research has been commissioned by Severfield plc to produce
ongoing research coverage.  A new research document has been published this
morning, and is freely available to UK investors.

 

Recovery prospects highlight compelling value

After two profit warnings due to 'challenging' markets and problem bridge
contracts, the share price has fallen by c.75%, but we believe the long-term
growth prospects for the UK's leading steel construction specialist remain
sound. We introduce estimates for FY27E that, even with conservative
assumptions, indicate a doubling in earnings. A more realistic scenario
suggests even greater upside. Both scenarios imply low single-digit PERs, with
a dividend yield in double figures. In this update, we discuss Severfield's
earnings potential and continuing growth opportunities.

 

Click here for full analysis
(https://progressive-research.com/research/recovery-prospects-highlight-compelling-value/)

 

Subscribe (https://www.progressive-research.com/register/)  to Progressive's
research, which is freely available to every type of investor, and be kept
informed about our regular programme of investor engagement.

 

About Progressive:

Progressive is an equity research and investor engagement company.  FCA
authorised and regulated, the firm has a 15-strong team of highly experienced
analysts.  We provide Institutional grade research and connect companies with
investors across every sector of the market.

 

www.progressive-research.com (http://www.progressive-research.com)

 

For further information please contact:

 +44 (0) 20 7781 5300

info@progressive-research.com (mailto:info@progressive-research.com)

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