Galliford Try (LON:GFRD) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 386.14 ($5.18) and traded as high as GBX 456 ($6.12). Galliford Try shares last traded at GBX 449 ($6.03), with a volume of 352,622 shares changing hands.

Wall Street Analysts Forecast Growth

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

Galliford Try Stock Up 2.3%

The stock has a market cap of £465.32 million, a price-to-earnings ratio of 13.62, a PEG 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. The stock has a fifty day moving average of GBX 420.29 and a two-hundred day moving average of GBX 387.24.

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.