Galliford Try (LON:GFRD) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 528.52 and traded as high as GBX 552. Galliford Try shares last traded at GBX 549.07, with a volume of 88,691 shares.

Wall Street Analyst Weigh In

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

Galliford Try Stock Up 0.6%

The firm’s 50 day simple moving average is GBX 525.83 and its 200 day simple moving average is GBX 528.52. The company has a market cap of £542.19 million, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.90 and a beta of 0.46. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47.

Insider Transactions at Galliford Try

In other Galliford Try news, insider Kevin Boyd bought 4,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were purchased at an average cost of GBX 528 per share, for a total transaction of £21,120. 3.30% of the stock is owned by company insiders.

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.