Galliford Try (LON:GFRD) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Galliford Try Holdings plc (LON:GFRD)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 514.32 and traded as high as GBX 535. Galliford Try shares last traded at GBX 508, with a volume of 3,047,336 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on Galliford Try from GBX 620 to GBX 650 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 600.

Galliford Try Stock Performance

The company has a market cap of £495.05 million, a P/E ratio of 15.78, a P/E/G ratio of 0.90 and a beta of 0.30. The business’s 50-day moving average price is GBX 541.46 and its 200 day moving average price is GBX 514.32. The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92.

Galliford Try (LON:GFRD) last issued its earnings results on Wednesday, March 4th. The company reported GBX 18.60 earnings per share (EPS) for the quarter. Galliford Try had a net margin of 1.93% and a return on equity of 30.23%. As a group, analysts expect that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current year.

Galliford Try Company Profile

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.