Galliford Try (LON:GFRD) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Galliford Try's stock price recently crossed above its 200-day moving average, trading as high as GBX 441.40 ($5.86) and last at GBX 434.50 ($5.77).
• Berenberg Bank raised their price target for Galliford Try from GBX 470 ($6.24) to GBX 510 ($6.77), maintaining a "buy" rating.
• The company has a market capitalization of £430.90 million and key financial ratios include a PE ratio of 12.61 and a debt-to-equity ratio of 43.30.

Galliford Try Holdings plc (LON:GFRD - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 392.09 ($5.21) and traded as high as GBX 441.40 ($5.87). Galliford Try shares last traded at GBX 434.50 ($5.78), with a volume of 46,541 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their target price on shares of Galliford Try from GBX 470 ($6.25) to GBX 510 ($6.78) and gave the company a "buy" rating in a research report on Wednesday, July 9th.

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 market cap of £428.42 million, a PE ratio of 12.54, a P/E/G ratio of 0.90 and a beta of 1.12. The firm's fifty day simple moving average is GBX 427.56 and its two-hundred day simple moving average is GBX 392.69.

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.