Galliford Try (LON:GFRD) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Galliford Try Holdings plc (LON:GFRD)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 522.88 and traded as high as GBX 523. Galliford Try shares last traded at GBX 520, with a volume of 98,192 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target on Galliford Try from GBX 620 to GBX 650 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 600.

Galliford Try Stock Down 0.4%

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 cap of £510.87 million, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.90 and a beta of 0.42. The firm has a 50 day moving average price of GBX 525.64 and a 200-day moving average price of GBX 522.88.

Galliford Try (LON:GFRD) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 18.60 earnings per share (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 predict that Galliford Try Holdings plc will post 25.1560178 EPS 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.

Galliford Try Company Profile

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.