Galliford Try (LON:GFRD) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Galliford Try Holdings plc (LON:GFRD - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 433.10 ($5.77) and traded as high as GBX 528 ($7.04). Galliford Try shares last traded at GBX 527 ($7.02), with a volume of 147,325 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on GFRD shares. Berenberg Bank upped their price objective on shares of Galliford Try from GBX 510 to GBX 530 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Peel Hunt restated a "buy" rating and issued a GBX 550 price objective on shares of Galliford Try in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 540.

Galliford Try Stock Down 0.6%

The firm has a market cap of £514.98 million, a price-to-earnings ratio of 16.27, a P/E/G ratio of 0.90 and a beta of 1.12. The firm's 50 day moving average price is GBX 473.29 and its two-hundred day moving average price is GBX 433.10. The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89.

Galliford Try (LON:GFRD - Get Free Report) last announced its earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share for the quarter. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%. As a group, sell-side analysts forecast that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current fiscal year.

Galliford Try announced that its Board of Directors has authorized a stock repurchase program on Wednesday, September 17th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are 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.

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