Galliford Try (LON:GFRD) Shares Cross Above 200-Day Moving Average – Here’s Why

Galliford Try Holdings plc (LON:GFRDGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 527.35 and traded as high as GBX 544. Galliford Try shares last traded at GBX 539.97, with a volume of 170,692 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 650 target price on shares of Galliford Try in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 600.

Get Our Latest Report on Galliford Try

Galliford Try Trading Up 2.7%

The firm’s 50-day simple moving average is GBX 523.79 and its 200 day simple moving average is GBX 527.35. The stock has a market cap of £530.28 million, a P/E ratio of 15.38, a PEG ratio of 0.90 and a beta of 0.45. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.47.

Insider Activity

In other news, insider Kevin Boyd purchased 4,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average cost of GBX 528 per share, with a total value of £21,120. 3.30% of the stock is owned by company insiders.

Galliford Try Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Galliford Try Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galliford Try and related companies with MarketBeat.com's FREE daily email newsletter.