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

Galliford Try Holdings plc (LON:GFRD) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 488.56 and traded as high as GBX 543. Galliford Try shares last traded at GBX 536, with a volume of 17,644,363 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on GFRD shares. Berenberg Bank reiterated a “buy” rating and set a GBX 620 price target on shares of Galliford Try in a research report on Wednesday, January 21st. Peel Hunt reiterated a “buy” rating and set a GBX 550 target price on shares of Galliford Try in a report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 585.

Galliford Try Price Performance

The company has a market capitalization of £524.64 million, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The firm’s 50-day moving average is GBX 520.41 and its 200-day moving average is GBX 488.56. The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89.

Insider Activity at Galliford Try

In related news, insider Kris Hampson sold 4,474 shares of Galliford Try stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of GBX 377, for a total value 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.