Galliford Try (LON:GFRD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 548.87 and traded as high as GBX 615. Galliford Try shares last traded at GBX 606, with a volume of 108,167 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on shares of Galliford Try from GBX 650 to GBX 680 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Two 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 target price of GBX 615.

Galliford Try Stock Performance

The stock’s 50-day moving average price is GBX 592.25 and its 200 day moving average price is GBX 549.24. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47. The company has a market cap of £594.46 million, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47.

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.