Galliford Try (LON:GFRD) Hits New 1-Year High - Here's Why

Key Points

• Galliford Try Holdings plc reached a new 52-week high of GBX 515 ($6.90) during trading, reflecting a strong performance in the market.
• Analysts have set a consensus price target of GBX 527.50 with multiple firms, including Berenberg Bank and Peel Hunt, issuing "buy" ratings for the stock.
• The company has authorized a stock repurchase program, indicating that its board believes the stock is undervalued amidst a reported earnings per share of GBX 34.40 for the last quarter.

Galliford Try Holdings plc (LON:GFRD - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 515 ($6.90) and last traded at GBX 512 ($6.86), with a volume of 86695 shares traded. The stock had previously closed at GBX 503 ($6.74).

Analysts Set New Price Targets

A number of research firms recently commented on GFRD. Berenberg Bank boosted their target price on shares of Galliford Try from GBX 510 to GBX 530 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Peel Hunt reiterated a "buy" rating and issued a GBX 525 target price on shares of Galliford Try in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 527.50.

Galliford Try Stock Performance

The firm's 50-day moving average price is GBX 442 and its two-hundred day moving average price is GBX 410.82. The firm has a market capitalization of £504.80 million, a PE ratio of 1,329.38, a P/E/G ratio of 0.90 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30.

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 for the quarter. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%. As a group, research analysts predict that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current fiscal year.

Galliford Try declared that its board has authorized a stock repurchase program on Wednesday, September 17th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is 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.

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