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

Galliford Try Holdings plc (LON:GFRD) shares hit a new 52-week high on Friday . The company traded as high as GBX 579 and last traded at GBX 577, with a volume of 273659 shares trading hands. The stock had previously closed at GBX 568.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 550 price objective on shares of Galliford Try in a research note on Thursday, November 13th. Berenberg Bank reiterated a “buy” rating and set a GBX 620 price objective on shares of Galliford Try in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 585.

Galliford Try Trading Up 1.8%

The firm has a market cap of £563.68 million, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.12. The business’s 50 day moving average price is GBX 532.62 and its 200-day moving average price is GBX 498.81. The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92.

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.