Galliford Try (LON:GFRD) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Galliford Try's stock (LON:GFRD) recently surpassed its two hundred day moving average, trading at GBX 432 ($5.83) with a high of GBX 440 ($5.94) during the session.
• Berenberg Bank raised its target price for Galliford Try from GBX 470 to GBX 510, maintaining a "buy" rating as the stock holds an average rating of "Buy" among analysts.
• The company's market capitalization stands at £427.43 million, and it has a price-to-earnings ratio of 12.51 and a debt-to-equity ratio of 43.30.

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 398.76 ($5.38) and traded as high as GBX 440 ($5.94). Galliford Try shares last traded at GBX 432 ($5.83), with a volume of 76,821 shares trading hands.

Analysts Set New Price Targets

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

Galliford Try Price Performance

The stock has a fifty day moving average of GBX 434.62 and a two-hundred day moving average of GBX 398.76. The stock has a market cap of £427.43 million, a price-to-earnings ratio of 12.51, a price-to-earnings-growth 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.

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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