Galliford Try (LON:GFRD) Stock Crosses Below 200-Day Moving Average – What’s Next?

Galliford Try Holdings plc (LON:GFRD)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 524.95 and traded as low as GBX 500. Galliford Try shares last traded at GBX 512, with a volume of 142,271 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 650 price target on shares of Galliford Try in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Galliford Try presently has an average rating of “Buy” and a consensus target price of GBX 600.

Galliford Try Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.47. The stock has a market capitalization of £502.79 million, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 0.90 and a beta of 0.45. The stock has a 50 day moving average of GBX 520.48 and a 200-day moving average of GBX 524.95.

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

Insiders Place Their Bets

In other Galliford Try news, insider Kevin Boyd acquired 4,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of GBX 528 per share, for a total transaction of £21,120. 3.32% of the stock is currently owned by company insiders.

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.