Galliford Try (LON:GFRD) Shares Cross Above 200 Day Moving Average – Should You Sell?

Galliford Try Holdings plc (LON:GFRD) passed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Galliford Try Stock Performance

The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89. The firm has a market capitalization of £514.97 million, a P/E ratio of 14.94, a P/E/G ratio of 0.90 and a beta of 0.45. The stock’s 50 day moving average is GBX 521.51 and its two-hundred day moving average is GBX 523.47.

Galliford Try (LON:GFRD) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 18.60 EPS for the quarter. Galliford Try had a return on equity of 30.23% and a net margin of 1.93%. As a group, equities analysts anticipate that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Kevin Boyd acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average price of GBX 528 per share, for a total transaction of £21,120. Corporate insiders own 3.32% of the company’s stock.

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.