Galliford Try’s (GFRD) Buy Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Galliford Try (LON:GFRD) in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have a GBX 550 target price on the stock.

Separately, Berenberg Bank boosted their price objective on Galliford Try from GBX 510 to GBX 530 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Galliford Try currently has an average rating of “Buy” and an average price target of GBX 540.

Galliford Try Trading Up 0.4%

Shares of GFRD opened at GBX 520 on Monday. 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 firm has a market cap of £511.01 million, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. Galliford Try has a fifty-two week low of GBX 294 and a fifty-two week high of GBX 556. The business has a 50-day moving average of GBX 471.44 and a 200 day moving average of GBX 431.71.

Galliford Try (LON:GFRD) last posted its 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, research analysts forecast that Galliford Try will post 25.1560178 EPS for the current year.

Galliford Try declared that its board has initiated a stock repurchase plan on Wednesday, September 17th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors 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.