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

Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 465.41 and traded as high as GBX 529. Galliford Try shares last traded at GBX 522, with a volume of 561,127 shares changing hands.

Analyst Ratings Changes

Several research firms recently issued reports on GFRD. Peel Hunt reissued a “buy” rating and set a GBX 550 price target on shares of Galliford Try in a research report on Thursday, November 13th. Berenberg Bank boosted their target price on shares of Galliford Try from GBX 510 to GBX 530 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Two equities research 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 an average target price of GBX 540.

Galliford Try Price Performance

The company has a market capitalization of £522.04 million, a P/E ratio of 16.49, a PEG ratio of 0.90 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30. The business has a 50 day simple moving average of GBX 510.08 and a 200-day simple moving average of GBX 465.41.

Galliford Try (LON:GFRD) last released its quarterly earnings results on Wednesday, September 17th. The company reported GBX 34.40 EPS for the quarter. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%. Analysts predict that Galliford Try Holdings plc will post 25.1560178 EPS for the current fiscal year.

Galliford Try declared that its board has approved a stock repurchase program on Wednesday, September 17th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Galliford Try

In other news, insider Kris Hampson sold 4,474 shares of Galliford Try stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of GBX 377, for a total transaction of £16,866.98. Insiders own 3.29% of the company’s stock.

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.