Galliford Try (LON:GFRD) Stock Crosses 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 Friday . The stock has a 200-day moving average of GBX 522.88 and traded as high as GBX 523. Galliford Try shares last traded at GBX 520, with a volume of 98,192 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on shares of Galliford Try from GBX 620 to GBX 650 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 600.

Galliford Try Stock Performance

The firm has a market capitalization of £510.87 million, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.90 and a beta of 0.42. The company’s 50 day moving average is GBX 525.64 and its 200-day moving average is GBX 522.83. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47.

Galliford Try (LON:GFRD) last issued its earnings results on Wednesday, March 4th. The company reported GBX 18.60 earnings per share (EPS) for the quarter. Galliford Try had a net margin of 1.93% and a return on equity of 30.23%. As a group, equities analysts anticipate that Galliford Try Holdings plc will post 25.1560178 EPS for the current year.

Insider Buying and Selling at Galliford Try

In other Galliford Try news, insider Kevin Boyd acquired 4,000 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of GBX 528 per share, with a total value of £21,120. Company insiders own 3.32% of the company’s stock.

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.