Galliford Try’s (GFRD) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Galliford Try (LON:GFRD) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a GBX 550 price target on the stock.

Separately, Berenberg Bank upped their price target 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. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Galliford Try presently has an average rating of “Buy” and a consensus target price of GBX 540.

Galliford Try Stock Down 1.2%

LON GFRD opened at GBX 480 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The stock’s 50 day moving average is GBX 496.95 and its 200 day moving average is GBX 448.97. Galliford Try has a 12 month low of GBX 294 and a 12 month high of GBX 556. The stock has a market cap of £474.61 million, a PE ratio of 14.91, a P/E/G ratio of 0.90 and a beta of 1.12.

Galliford Try (LON:GFRD) last released its quarterly earnings data 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%. Research analysts predict that Galliford Try will post 25.1560178 EPS for the current fiscal year.

Galliford Try declared that its Board of Directors has initiated a stock buyback program on Wednesday, September 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

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

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.