Galliford Try (LON:GFRD) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Shares of Galliford Try fell below their 200-day moving average, trading as low as GBX 490 and last at GBX 498.68 on heavy volume (16,238,833 shares) versus a 200‑day MA of GBX 521.26.
• Analyst sentiment is positive: Berenberg Bank upgraded its target from GBX 620 to GBX 650, and the consensus rating is "Buy" with an average target of GBX 600.
• Key fundamentals: market cap ~£486.8m, P/E 15.51, debt-to-equity 43.47%, latest quarterly EPS GBX 18.60 and ROE 30.23%.

Shares of Galliford Try Holdings plc (LON:GFRD - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 521.26 and traded as low as GBX 490. Galliford Try shares last traded at GBX 498.68, with a volume of 16,238,833 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on 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, According to data from MarketBeat.com, Galliford Try presently has a consensus rating of "Buy" and an average target price of GBX 600.

Galliford Try Stock Performance

The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92. The company has a market capitalization of £486.77 million, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.90 and a beta of 0.30. The business has a 50 day moving average of GBX 532.35 and a 200-day moving average of GBX 521.26.

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

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. 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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