Galliford Try (LON:GFRD) Hits New 1-Year High – Time to Buy?

Galliford Try Holdings plc (LON:GFRD)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 632 and last traded at GBX 627.05, with a volume of 502611 shares trading hands. The stock had previously closed at GBX 620.

Wall Street Analysts Forecast Growth

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

Galliford Try Trading Up 0.2%

The business has a fifty day moving average price of GBX 560.96 and a two-hundred day moving average price of GBX 540.86. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.47. The firm has a market capitalization of £619.62 million, a PE ratio of 17.88, a PEG ratio of 0.90 and a beta of 0.47.

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.