Galliford Try (LON:GFRD) Stock Passes Above Two Hundred Day Moving Average – Time to 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 491.54 and traded as high as GBX 538. Galliford Try shares last traded at GBX 535, with a volume of 36,759 shares changing hands.

Analyst Ratings Changes

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

Galliford Try Stock Performance

The firm has a market capitalization of £517.84 million, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The company has a 50-day moving average of GBX 526.39 and a 200-day moving average of GBX 492.02. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30.

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.