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Galliford Try (LON:GFRD) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Galliford Try logo with Industrials background

Key Points

  • Galliford Try's share price recently surpassed its 200-day moving average, peaking at GBX 456.50 ($6.13) during trading.
  • Analysts at Berenberg Bank have increased their target price for the company from GBX 470 ($6.32) to GBX 510 ($6.85) and have assigned a "buy" rating.
  • The company's market capitalization stands at £445.78 million, with a P/E ratio of 13.04 and a debt-to-equity ratio of 43.30.
  • Need Better Tools to Track Galliford Try? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 389.26 ($5.23) and traded as high as GBX 456.50 ($6.13). Galliford Try shares last traded at GBX 456.50 ($6.13), with a volume of 39,442 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on Galliford Try from GBX 470 ($6.32) to GBX 510 ($6.85) and gave the stock a "buy" rating in a research report on Wednesday, July 9th.

Get Our Latest Research Report on GFRD

Galliford Try Stock Performance

The firm has a 50-day moving average price of GBX 424.86 and a 200 day moving average price of GBX 390.01. The firm has a market capitalization of £434.87 million, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30.

About Galliford Try

(Get Free Report)

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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