Galliford Try comes back upon contact with important technical level that might give impetus to a rebound.

From a fundamental viewpoint, Galliford Try has undeniable qualities. Growth is likely to be because the Thomson Reuters consensus counts on sales increase for the current year. Moreover, the valuation is attractive with an EV/Sales ratio of 0.44.

The area of the GBp 1262 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short-term resistance in the GBp 1400 area.

As a result, active investors can take immediately a long trade in Galliford Try thanks to the close proximity of the GBp 1262 support area. The target price is GBp 1400/1415 and in case of breakout of this level, the second target price would be the GBp 1547. If there is a breakdown of the GBp 1262 support, investors should close their trade.