Galliford Try (LON:GFRD) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Galliford Try Holdings plc (LON:GFRD) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 447.54 and traded as high as GBX 500. Galliford Try shares last traded at GBX 495.50, with a volume of 107,876 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Berenberg Bank upped their target price 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 reiterated a “buy” rating and set a GBX 550 target price on shares of Galliford Try in a research note on Monday, October 20th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 540.

Galliford Try Stock Performance

The business’s fifty day moving average price is GBX 492.90 and its 200-day moving average price is GBX 447.54. The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89. The stock has a market capitalization of £492.91 million, a PE ratio of 15.48, a P/E/G ratio of 0.90 and a beta of 1.12.

Galliford Try (LON:GFRD) 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%. As a group, equities research analysts expect that Galliford Try Holdings plc will post 25.1560178 EPS for the current year.

Galliford Try declared that its Board of Directors has initiated a share buyback plan on Wednesday, September 17th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Galliford Try

In related news, insider Kris Hampson sold 4,474 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of GBX 377, for a total transaction of £16,866.98. 3.26% of the stock is currently owned by insiders.

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.