Galliford Try (LON:GFRD) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Galliford Try Holdings plc shares surpassed their 200-day moving average, trading at GBX 539 ($7.18).
• Wall Street analysts have issued a Buy rating for Galliford Try, with a revised price target ranging from GBX 510 to GBX 530, indicating continued growth potential.
• The company's board has approved a stock repurchase plan, signaling that they believe the stock is undervalued.

Galliford Try Holdings plc (LON:GFRD - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 424.68 ($5.66) and traded as high as GBX 542.37 ($7.22). Galliford Try shares last traded at GBX 539 ($7.18), with a volume of 857,348 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GFRD. Berenberg Bank increased their price objective on Galliford Try from GBX 510 to GBX 530 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Peel Hunt reiterated a "buy" rating and issued a GBX 525 price objective on shares of Galliford Try in a report on Thursday, September 18th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 527.50.

Galliford Try Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30. The firm has a fifty day moving average price of GBX 460.42 and a two-hundred day moving average price of GBX 424.68. The stock has a market capitalization of £531.65 million, a P/E ratio of 1,680.12, a P/E/G ratio of 0.90 and a beta of 1.12.

Galliford Try (LON:GFRD - Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported GBX 34.40 EPS for the quarter. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%. On average, analysts expect that Galliford Try Holdings plc will post 25.1560178 EPS for the current year.

Galliford Try announced that its board has approved a stock repurchase plan on Wednesday, September 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.