Galliford Try (LON:GFRD) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 484.54 and traded as high as GBX 533. Galliford Try shares last traded at GBX 523, with a volume of 177,726 shares traded.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 550 price target on shares of Galliford Try in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Galliford Try has an average rating of “Buy” and a consensus price target of GBX 540.

Galliford Try Stock Up 2.8%

The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. The company has a market capitalization of £526.49 million, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The firm’s 50-day simple moving average is GBX 513.53 and its 200 day simple moving average is GBX 484.54.

Insider Buying and Selling

In related news, insider Kris Hampson sold 4,474 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of GBX 377, for a total transaction of £16,866.98. Corporate insiders own 3.29% of the company’s stock.

About Galliford Try

Galliford Try is one of the UK’s leading construction groups, working to improve the UK’s built environment, delivering positive, lasting change for the communities we work in on behalf of our clients.

Our business operates mainly under the Galliford Try and Morrison Construction brands, focusing on areas where we have core and proven strengths, namely in Building, Highways and Environment. We see long-term growth and appropriate margins in these markets.

Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.