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

Galliford Try Holdings plc (LON:GFRD) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 543.18 and traded as high as GBX 619. Galliford Try shares last traded at GBX 613.10, with a volume of 4,878,192 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 615.

Galliford Try Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.47. The company has a market capitalization of £600.38 million, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The stock’s 50-day moving average is GBX 571.49 and its two-hundred day moving average is GBX 543.78.

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.