Galliford Try (LON:GFRD) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Galliford Try's stock price has crossed above its 200-day moving average of GBX 400.62, reaching a high of GBX 424 and last trading at GBX 421.
• Berenberg Bank has upgraded their price target for Galliford Try from GBX 470 to GBX 510 and has assigned a "buy" rating.
• The company currently holds a market capitalization of £421.11 million, alongside a very high P/E ratio of 1,109.20.

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 400.62 ($5.42) and traded as high as GBX 424 ($5.74). Galliford Try shares last traded at GBX 421 ($5.70), with a volume of 56,545 shares trading hands.

Analysts Set New Price Targets

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

Galliford Try Stock Up 0.6%

The company has a market capitalization of £408.75 million, a P/E ratio of 1,076.42, a PEG ratio of 0.90 and a beta of 1.12. 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 stock has a 50 day moving average price of GBX 435.17 and a 200 day moving average price of GBX 401.44.

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.