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

Key Points

• Galliford Try Holdings plc (LON:GFRD) stock has recently surpassed its 200-day moving average, indicating potential positive momentum in trading.
• Berenberg Bank raised its price target for Galliford Try shares from GBX 470 to GBX 510, maintaining a "buy" rating for the stock.
• The company has a market capitalization of £425.63 million and a P/E ratio of 12.45, suggesting it is priced competitively in the market.

Shares of Galliford Try Holdings plc (LON:GFRD - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 396.54 ($5.33) and traded as high as GBX 443.50 ($5.97). Galliford Try shares last traded at GBX 431 ($5.80), with a volume of 158,417 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of Galliford Try from GBX 470 to GBX 510 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 510.

Galliford Try Price Performance

The stock's fifty day moving average price is GBX 434.05 and its 200-day moving average price is GBX 398.32. 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 firm has a market cap of £430.17 million, a PE ratio of 12.59, a P/E/G 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.