Galliford Try (LON:GFRD) Shares Pass Above 200-Day Moving Average – What’s Next?

Galliford Try Holdings plc (LON:GFRD) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 498.81 and traded as high as GBX 573. Galliford Try shares last traded at GBX 569.95, with a volume of 85,154 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GFRD shares. Berenberg Bank reiterated a “buy” rating and set a GBX 620 price target on shares of Galliford Try in a research report on Wednesday, January 21st. Peel Hunt reaffirmed a “buy” rating and set a GBX 550 price objective on shares of Galliford Try in a report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 585.

Galliford Try Stock Up 1.6%

The firm’s 50-day moving average price is GBX 532.62 and its 200 day moving average price is GBX 498.81. The firm has a market capitalization of £562.70 million, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89.

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.