Galliford Try (LON:GFRD) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Galliford Try Holdings plc (LON:GFRD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 469.85 and traded as high as GBX 528. Galliford Try shares last traded at GBX 520, with a volume of 26,907 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on GFRD shares. Berenberg Bank increased their price objective on Galliford Try from GBX 510 to GBX 530 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 price target 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.com, the company has an average rating of “Buy” and a consensus target price of GBX 540.

Galliford Try Trading Down 1.0%

The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. The firm has a fifty day moving average price of GBX 508.98 and a 200 day moving average price of GBX 469.85. The company has a market cap of £511.23 million, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.90 and a beta of 1.12.

Galliford Try declared that its board has authorized a stock repurchase program on Wednesday, September 17th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Kris Hampson sold 4,474 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of GBX 377, for a total value of £16,866.98. Insiders own 3.29% 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.