Galliford Try (LON:GFRD) was downgraded by equities researchers at Peel Hunt to a “hold” rating in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 700 ($9.15) price objective on the stock, down from their previous price objective of GBX 885 ($11.56). Peel Hunt’s price target would indicate a potential downside of 3.51% from the company’s current price.
A number of other equities research analysts have also weighed in on GFRD. Liberum Capital reissued a “buy” rating on shares of Galliford Try in a report on Tuesday, March 26th. Numis Securities raised shares of Galliford Try to a “buy” rating and reduced their target price for the stock from GBX 1,200 ($15.68) to GBX 1,100 ($14.37) in a report on Tuesday, February 19th. Finally, HSBC boosted their target price on shares of Galliford Try from GBX 1,140 ($14.90) to GBX 1,300 ($16.99) and gave the stock a “buy” rating in a report on Wednesday, February 20th.
GFRD stock opened at GBX 725.50 ($9.48) on Tuesday. The company has a market cap of $802.79 million and a P/E ratio of 7.04. Galliford Try has a 1 year low of GBX 562 ($7.34) and a 1 year high of GBX 1,117 ($14.60). The company has a quick ratio of 0.80, a current ratio of 1.21 and a debt-to-equity ratio of 159.63.
Galliford Try plc operates as a housebuilding, regeneration, and construction primarily in the United Kingdom. The company operates through Linden Homes, Partnerships & Regeneration, Building, Infrastructure, and PPP Investments segments. The company develops and sells private and affordable homes under the Linden Homes brand name; and builds sustainable communities, as well as provides private housing for sale on regeneration-led sites.
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