Galliford Try (LON:GFRD) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Galliford Try shares have crossed above their 200-day moving average, reaching a price of GBX 432.50 ($5.81) during recent trading.
• Berenberg Bank has raised its price target for Galliford Try from GBX 470 ($6.31) to GBX 510 ($6.85), maintaining a "buy" rating for the stock.
• The company has a market capitalization of £432.88 million and a debt-to-equity ratio of 43.30, indicating a strong financial position relative to its equity.

Galliford Try Holdings plc (LON:GFRD - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 394.11 ($5.29) and traded as high as GBX 439 ($5.90). Galliford Try shares last traded at GBX 432.50 ($5.81), with a volume of 146,636 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price target on shares of Galliford Try from GBX 470 ($6.31) to GBX 510 ($6.85) and gave the company a "buy" rating in a research report on Wednesday, July 9th.

Galliford Try Trading Up 0.9%

The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89. The company has a market capitalization of £432.88 million, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The business's 50 day simple moving average is GBX 429.43 and its 200 day simple moving average is GBX 394.11.

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.

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