Galliford Try (LON:GFRD) Reaches New 12-Month High – Still a Buy?

Galliford Try Holdings plc (LON:GFRD) shares hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 710.48 and last traded at GBX 704, with a volume of 354878 shares traded. The stock had previously closed at GBX 708.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their target price on shares of Galliford Try from GBX 680 to GBX 750 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Galliford Try presently has a consensus rating of “Buy” and a consensus price target of GBX 650.

Galliford Try Stock Performance

The business’s fifty day moving average is GBX 615.27 and its 200-day moving average is GBX 555.99. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 35.36. The company has a market cap of £697.65 million, a PE ratio of 20.11, a P/E/G ratio of 0.90 and a beta of 0.47.

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

Galliford Try declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 17th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are 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. 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.