Galliford Try (LON:GFRD) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

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.

Shares of Galliford Try Holdings plc (LON:GFRD - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 402.13 ($5.45) and traded as high as GBX 417.86 ($5.66). Galliford Try shares last traded at GBX 416.50 ($5.65), with a volume of 89,236 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Berenberg Bank upped their target price on Galliford Try from GBX 510 to GBX 530 and gave the stock a "buy" rating in a report on Wednesday. Peel Hunt reiterated a "buy" rating and set a GBX 525 target price on shares of Galliford Try in a report on Thursday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Galliford Try presently has a consensus rating of "Buy" and an average target price of GBX 527.50.

Galliford Try Stock Performance

The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. The business has a 50-day moving average price of GBX 436.81 and a 200 day moving average price of GBX 404.77. The stock has a market capitalization of £474.66 million, a P/E ratio of 1,250.00, a PEG ratio of 0.90 and a beta of 1.12.

Galliford Try (LON:GFRD - Get Free Report) last issued its quarterly earnings results 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%. As a group, sell-side analysts forecast that Galliford Try Holdings plc will post 25.1560178 EPS for the current fiscal year.

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

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.