Galliford Try (LON:GFRD) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Galliford Try's share price has crossed above its two hundred day moving average, currently trading at GBX 416.50 ($5.65) after reaching a high of GBX 417.86 ($5.67).
• Berenberg Bank has raised their target price for Galliford Try from GBX 470 to GBX 510, with the stock receiving a consensus rating of "Buy."
• The company has a market capitalization of £409.73 million and key financial ratios indicating a current ratio of 0.92 and a debt-to-equity ratio of 43.30.

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 402.13 ($5.45) and traded as high as GBX 417.86 ($5.67). Galliford Try shares last traded at GBX 416.50 ($5.65), with a volume of 89,236 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their target price on Galliford Try from GBX 470 to GBX 510 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 510.

Galliford Try Stock Performance

The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The firm has a 50-day simple moving average of GBX 434.96 and a two-hundred day simple moving average of GBX 402.13. The company has a market capitalization of £409.73 million, a price-to-earnings ratio of 1,079.02, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12.

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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