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

Galliford Try Holdings plc (LON:GFRD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 528.52 and traded as high as GBX 552. Galliford Try shares last traded at GBX 549.07, with a volume of 88,691 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 target price on shares of Galliford Try in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 600.

Galliford Try Stock Up 0.6%

The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92. The stock has a 50 day moving average price of GBX 525.83 and a 200 day moving average price of GBX 528.52. The company has a market cap of £542.19 million, a P/E ratio of 15.64, a P/E/G ratio of 0.90 and a beta of 0.46.

Insiders Place Their Bets

In other news, insider Kevin Boyd bought 4,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were purchased at an average cost of GBX 528 per share, with a total value of £21,120. 3.30% of the stock is owned by corporate 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.