Galliford Try (LON:GFRD) Stock Passes Above 200 Day Moving Average – Here’s Why

Galliford Try Holdings plc (LON:GFRD)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GFRD shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 620 price target on shares of Galliford Try in a research report on Wednesday, January 21st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 550 target price on shares of Galliford Try in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 585.

Galliford Try Price Performance

The stock has a market cap of £521.74 million, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.90 and a beta of 1.12. The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89. The stock’s 50 day simple moving average is GBX 525.79 and its two-hundred day simple moving average is GBX 491.54.

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.