Galliford Try (LON:GFRD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Galliford Try Holdings plc (LON:GFRD)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 488.56 and traded as high as GBX 543. Galliford Try shares last traded at GBX 536, with a volume of 17,644,363 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on GFRD. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 price target on shares of Galliford Try in a report on Thursday, November 13th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 620 target price on shares of Galliford Try in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 585.

Galliford Try Trading Down 0.2%

The firm has a market cap of £524.64 million, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The business has a 50 day moving average of GBX 520.41 and a 200 day moving average of GBX 488.56. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30.

Insider Buying and Selling at Galliford Try

In other news, insider Kris Hampson sold 4,474 shares of Galliford Try stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of GBX 377, for a total value of £16,866.98. Company 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.