Galliford Try (LON:GFRD) Reaches New 12-Month High – What’s Next?

Galliford Try Holdings plc (LON:GFRD) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 650 and last traded at GBX 641.80, with a volume of 254052 shares trading hands. The stock had previously closed at GBX 612.

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on Galliford Try from GBX 650 to GBX 680 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Galliford Try currently has an average rating of “Buy” and a consensus price target of GBX 615.

Galliford Try Stock Performance

The firm has a market cap of £629.46 million, a P/E ratio of 18.15, a PEG ratio of 0.90 and a beta of 0.47. The stock’s 50 day moving average is GBX 598.32 and its two-hundred day moving average is GBX 549.94. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89.

About Galliford Try

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. We see long-term growth and appropriate margins in these markets.

Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.