Galliford Try (LON:GFRD) Board Declares Share Buyback Program

Galliford Try (LON:GFRD) announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 17th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Galliford Try Stock Up 5.4%

LON GFRD opened at GBX 684 on Friday. The business has a 50 day moving average price of GBX 603.23 and a two-hundred day moving average price of GBX 551.57. Galliford Try has a fifty-two week low of GBX 466 and a fifty-two week high of GBX 684. The stock has a market cap of £675.91 million, a PE ratio of 19.49, a P/E/G ratio of 0.90 and a beta of 0.47. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 35.36.

Galliford Try (LON:GFRD) last issued its quarterly earnings data on Thursday, September 17th. The company reported GBX 41.70 earnings per share (EPS) for the quarter. Galliford Try had a return on equity of 32.45% and a net margin of 2.13%. As a group, sell-side analysts predict that Galliford Try will post 25.1560178 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price objective on Galliford Try from GBX 680 to GBX 750 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Galliford Try currently has an average rating of “Buy” and an average price target of GBX 650.

Galliford Try News Summary

Here are the key news stories impacting Galliford Try this week:

• Positive Sentiment: Berenberg maintained its Buy rating and raised its price target to GBX 750 from GBX 680, implying further potential upside and reinforcing positive analyst sentiment. Berenberg Bank Sticks to Its Buy Rating for Galliford Try
• Positive Sentiment: FY26 adjusted pre-tax profit increased 24.2% to £55.9 million, while revenue also rose. Investors viewed the earnings growth and widening margins as evidence that profitability is improving. Galliford Try FY26 Adjusted Pre-Tax Profit Rises
• Positive Sentiment: The company launched a £15 million share buyback programme. Buybacks can support earnings per share and signal that management considers the shares undervalued. One syndicated report lists zero shares in the authorization field, which appears inconsistent with the separately reported £15 million programme. Galliford Try Annual Profit, Revenue Rise and Share Buyback
• Positive Sentiment: Management highlighted a £4.3 billion order book and a sixth consecutive year of growth, providing improved revenue visibility for future periods. Galliford Try Order Book and Growth Interview
• Neutral Sentiment: Reported quarterly EPS was GBX 41.70, with a 30.23% return on equity and a 1.93% net margin, adding context to the company’s profitability profile. Galliford Try Earnings Report

Galliford Try Company Profile

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.