Galliford Try (LON:GFRD) Hits New 52-Week High – Time to Buy?

Galliford Try Holdings plc (LON:GFRD) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 553 ($7.42) and last traded at GBX 539 ($7.24), with a volume of 2814541 shares trading hands. The stock had previously closed at GBX 539 ($7.24).

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GFRD. Peel Hunt restated a “buy” rating and issued a GBX 525 target price on shares of Galliford Try in a research note on Thursday, September 18th. Berenberg Bank boosted their price target on Galliford Try from GBX 510 to GBX 530 and gave the stock a “buy” rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Galliford Try currently has a consensus rating of “Buy” and a consensus price target of GBX 527.50.

Galliford Try Stock Down 4.6%

The business has a 50-day simple moving average of GBX 466.21 and a two-hundred day simple moving average of GBX 427.96. The company has a market cap of £505.12 million, a price-to-earnings ratio of 1,596.27, a PEG ratio of 0.90 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30.

Galliford Try (LON:GFRD) last announced its quarterly earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share for the quarter. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%. As a group, equities analysts forecast that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current fiscal year.

Galliford Try declared that its board has approved a share repurchase program on Wednesday, September 17th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.