Galliford Try (LON:GFRD) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Galliford Try intraday crossed above its 200‑day moving average (200‑day MA GBX 522.88) when the stock traded as high as GBX 523, with last trade GBX 520 and volume of 98,192 shares.
• Berenberg lifted its price target from GBX 620 to GBX 650 and kept a "buy" rating; the stock's consensus analyst target is GBX 600 and the average rating is "Buy."
• Fundamentals are mixed: ROE is strong at 30.23% with P/E 14.8 and PEG 0.90, but liquidity ratios are below 1 (quick 0.89, current 0.92) and net margin is only 1.93%; insider Kevin Boyd bought 4,000 shares at GBX 528, with insiders owning 3.32%.

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 522.88 and traded as high as GBX 523. Galliford Try shares last traded at GBX 520, with a volume of 98,192 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on shares of Galliford Try from GBX 620 to GBX 650 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 600.

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 43.47. The firm has a market cap of £510.87 million, a P/E ratio of 14.81, a PEG ratio of 0.90 and a beta of 0.42. The company has a 50 day moving average of GBX 525.64 and a two-hundred day moving average of GBX 522.88.

Galliford Try (LON:GFRD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported GBX 18.60 EPS for the quarter. Galliford Try had a return on equity of 30.23% and a net margin of 1.93%. Sell-side analysts expect that Galliford Try Holdings plc will post 25.1560178 EPS for the current year.

Insider Buying and Selling

In other Galliford Try news, insider Kevin Boyd acquired 4,000 shares of Galliford Try stock in a transaction on Thursday, April 16th. The shares were bought at an average price of GBX 528 per share, with a total value of £21,120. Corporate insiders own 3.32% of the company's stock.

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. We see long-term growth and appropriate margins in these markets. Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.

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