Galliford Try (LON:GFRD) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Galliford Try Holdings plc (LON:GFRD)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 469.85 and traded as high as GBX 528. Galliford Try shares last traded at GBX 520, with a volume of 26,907 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GFRD shares. Peel Hunt reissued a “buy” rating and set a GBX 550 price target on shares of Galliford Try in a research note on Thursday, November 13th. Berenberg Bank increased their price target on Galliford Try from GBX 510 to GBX 530 and gave the company a “buy” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 540.

Galliford Try Stock Performance

The firm has a market cap of £511.23 million, a P/E ratio of 16.15, a PEG ratio of 0.90 and a beta of 1.12. The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. The stock’s 50-day moving average is GBX 508.98 and its 200 day moving average is GBX 469.85.

Galliford Try announced that its board has initiated a share repurchase program on Wednesday, September 17th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Kris Hampson sold 4,474 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of GBX 377, for a total value of £16,866.98. Insiders own 3.29% 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.