Galliford Try (LON:GFRD) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Galliford Try Holdings plc (LON:GFRD)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 523.46 and traded as high as GBX 550. Galliford Try shares last traded at GBX 539.81, with a volume of 167,414 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 650 price objective on shares of Galliford Try in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 600.

Galliford Try Price Performance

The company has a fifty day moving average of GBX 522.13 and a 200 day moving average of GBX 523.46. The firm has a market capitalization of £529.11 million, a P/E ratio of 15.35, a PEG ratio of 0.90 and a beta of 0.45. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89.

Galliford Try (LON:GFRD) last announced its earnings results on Wednesday, March 4th. The company reported GBX 18.60 earnings per share for the quarter. Galliford Try had a net margin of 1.93% and a return on equity of 30.23%. Sell-side analysts predict that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current year.

Insider Transactions at Galliford Try

In other news, insider Kevin Boyd bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of GBX 528 per share, for a total transaction of £21,120. 3.32% of the stock is currently owned by 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.