Galliford Try (LON:GFRD) Price Target Raised to GBX 530

Key Points

• Berenberg Bank has increased its target price for Galliford Try (LON:GFRD) from GBX 510 to GBX 530, indicating a potential upside of 16.48% from the stock's closing price.
• The stock currently has a market capitalization of £447.61 million and shows significant changes in performance, with a fifty-two week low of GBX 264 and a high of GBX 480.
• The company operates primarily under the Galliford Try and Morrison Construction brands, focusing on Building, Highways, and Environment sectors in the UK.

Galliford Try (LON:GFRD - Free Report) had its price target hoisted by Berenberg Bank from GBX 510 to GBX 530 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Galliford Try Stock Up 3.4%

Galliford Try stock traded up GBX 16.50 during mid-day trading on Wednesday, reaching GBX 499. 413,492 shares of the company's stock were exchanged, compared to its average volume of 204,963. The company has a market cap of £490.89 million, a P/E ratio of 1,292.75, a P/E/G ratio of 0.90 and a beta of 1.12. Galliford Try has a twelve month low of GBX 276 and a twelve month high of GBX 504. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30. The company has a fifty day moving average of GBX 437.79 and a 200-day moving average of GBX 405.96.

Galliford Try (LON:GFRD - Get Free Report) last released its earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share (EPS) for the quarter. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%. Sell-side analysts expect that Galliford Try will post 25.1560178 EPS for the current year.

Galliford Try announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 17th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.