Galliford Try (LON:GFRD) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 504.13 and traded as high as GBX 554. Galliford Try shares last traded at GBX 550.25, with a volume of 213,289 shares.

Wall Street Analyst Weigh In

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

Galliford Try Price Performance

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 company has a market cap of £536.61 million, a PE ratio of 17.09, a P/E/G ratio of 0.90 and a beta of 1.12. The firm has a 50 day moving average of GBX 537.50 and a two-hundred day moving average of GBX 504.13.

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.