Galliford Try (LON:GFRD) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Galliford Try's stock price has surged above its 200-day moving average, recently trading at GBX 494.99 ($6.61), prompting analysts to speculate on potential investment strategies.
• Analysts from Berenberg Bank and Peel Hunt have increased their price targets for Galliford Try to GBX 530 and GBX 525, respectively, with both firms maintaining a "buy" rating.
• The company has initiated a share buyback program, indicating that its board believes the stock may be undervalued, along with reporting thoughtful financial metrics, including a 32.22% return on equity.

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 409.02 ($5.46) and traded as high as GBX 504 ($6.73). Galliford Try shares last traded at GBX 494.99 ($6.61), with a volume of 183,317 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GFRD shares. Berenberg Bank upped their price objective on Galliford Try from GBX 510 to GBX 530 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Peel Hunt restated a "buy" rating and issued a GBX 525 price objective on shares of Galliford Try in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Galliford Try has an average rating of "Buy" and a consensus price target of GBX 527.50.

Galliford Try Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The firm has a market cap of £491.88 million, a PE ratio of 1,295.34, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The stock has a 50 day simple moving average of GBX 441.33 and a 200-day simple moving average of GBX 409.02.

Galliford Try (LON:GFRD - Get Free Report) last issued its quarterly earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share (EPS) for the quarter. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%. Equities analysts anticipate 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 initiated a share buyback program on Wednesday, September 17th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.