Galliford Try (LON:GFRD) Board of Directors Authorizes Share Buyback Plan

Key Points

• Galliford Try’s board authorized an open-market share buyback, signaling management confidence that the stock may be undervalued; related company updates indicate a £15 million program.
• Shares rose to 649p, near their 12-month high of 659p, while the company reported quarterly EPS of 41.70p, a 30.23% return on equity and a 1.93% net margin.
• Berenberg raised its price target from 680p to 750p and maintained a “buy” rating; analysts overall also rate the stock “Buy,” with a consensus target of 650p.

Galliford Try (LON:GFRD - Get Free Report) announced that its Board of Directors has initiated a stock buyback plan on Thursday, September 17th, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Galliford Try Price Performance

Shares of GFRD traded up GBX 37 during trading hours on Thursday, hitting GBX 649. 852,338 shares of the stock were exchanged, compared to its average volume of 733,449. The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92. Galliford Try has a 12-month low of GBX 465 and a 12-month high of GBX 659. The company has a market cap of £641.32 million, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The stock's 50-day moving average price is GBX 600.32 and its two-hundred day moving average price is GBX 550.64.

Galliford Try (LON:GFRD - Get Free Report) last announced its quarterly earnings data on Thursday, September 17th. The company reported GBX 41.70 earnings per share for the quarter. Galliford Try had a return on equity of 30.23% and a net margin of 1.93%. Research analysts expect that Galliford Try will post 25.1560178 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price target on shares of Galliford Try from GBX 680 to GBX 750 and gave the stock a "buy" rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Galliford Try has an average rating of "Buy" and a consensus target price of GBX 650.

More Galliford Try News

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

• Positive Sentiment: Profit growth exceeded expectations: FY26 adjusted pre-tax profit rose 24.2% to £55.9 million, supported by higher revenue and widening margins. The company also reported quarterly EPS of 41.70p, with a 30.23% return on equity. Galliford Try FY26 Adjusted Pre-Tax Profit Rises 24.2% to £55.9 Million
• Positive Sentiment: Strong forward visibility: Management highlighted a sixth consecutive year of growth and an order book worth £4.3 billion, providing support for future revenue and earnings. Galliford Try's Kris Hampson: Sixth straight year of growth as order book hits £4.3bn
• Positive Sentiment: Shareholder returns strengthened: Galliford Try launched a £15 million share buyback, which could provide additional demand for the stock and signals management confidence in cash generation. Galliford Try Annual Profit, Revenue Rise; Launches £15 Mln Share Buyback Programme
• Positive Sentiment: Analyst support increased: Berenberg raised its price target from 680p to 750p and retained a “buy” rating, while commentary suggested the shares may have further upside as margins improve. Galliford Try shares have further to run as margins widen
• Neutral Sentiment: The shares reached a new one-year high, indicating strong momentum but also leaving investors to assess whether the improved outlook is already reflected in the valuation. Galliford Try Hits New 1-Year High

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.

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