Galliford Try (LON:GFRD) Stock Passes Above 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Galliford Try Holdings plc (LON:GFRD – Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 455.59 and traded as high as GBX 511. Galliford Try shares last traded at GBX 505, with a volume of 476,702 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GFRD shares. Berenberg Bank upped their price objective on shares of Galliford Try from GBX 510 to GBX 530 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Peel Hunt restated a “buy” rating and set a GBX 550 price target on shares of Galliford Try in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 540.

Get Our Latest Stock Analysis on Galliford Try

Galliford Try Stock Performance

The stock has a market cap of £499.33 million, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The company’s 50-day simple moving average is GBX 507.71 and its 200-day simple moving average is GBX 455.90. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30.

Galliford Try (LON:GFRD – Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported GBX 34.40 earnings per share for the quarter. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%. Analysts predict that Galliford Try Holdings plc will post 25.1560178 EPS for the current fiscal year.

Galliford Try declared that its board has authorized a share buyback plan on Wednesday, September 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Galliford Try

In other Galliford Try news, insider Kris Hampson sold 4,474 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of GBX 377, for a total transaction of £16,866.98. Insiders own 3.26% of the company’s stock.

About Galliford Try

(Get Free Report)

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.

Further Reading