Galliford Try (LON:GFRD) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 484.54 and traded as high as GBX 533. Galliford Try shares last traded at GBX 523, with a volume of 177,726 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 550 price objective on shares of Galliford Try in a research note on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 540.

Galliford Try Trading Up 2.8%

The company has a 50 day simple moving average of GBX 513.53 and a 200 day simple moving average of GBX 484.54. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The stock has a market capitalization of £526.49 million, a PE ratio of 16.70, a P/E/G ratio of 0.90 and a beta of 1.12.

Insider Activity at Galliford Try

In related news, insider Kris Hampson sold 4,474 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of GBX 377, for a total transaction of £16,866.98. 3.29% of the stock is 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.