Galliford Try (LON:GFRD) Hits New 1-Year High - Should You Buy?

Key Points

• Galliford Try Holdings plc shares reached a new 52-week high of GBX 529 ($7.04) amidst a trading volume of 85,248 shares.
• Analysts have a consensus "Buy" rating for the stock, with a target price averaging GBX 527.50, following recent upgrades from Peel Hunt and Berenberg Bank.
• The company has initiated a stock repurchase plan, indicating that its board believes the shares may be undervalued.

Shares of Galliford Try Holdings plc (LON:GFRD - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 529 ($7.04) and last traded at GBX 525 ($6.98), with a volume of 85248 shares trading hands. The stock had previously closed at GBX 523 ($6.96).

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GFRD shares. Peel Hunt reissued a "buy" rating and set a GBX 525 target price on shares of Galliford Try in a research report on Thursday, September 18th. Berenberg Bank boosted their price objective on shares of Galliford Try from GBX 510 to GBX 530 and gave the company a "buy" rating in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 527.50.

Galliford Try Stock Up 0.8%

The company has a 50-day simple moving average of GBX 454.49 and a 200 day simple moving average of GBX 420.50. The company has a market cap of £517.89 million, a P/E ratio of 1,636.65, a P/E/G ratio of 0.90 and a beta of 1.12. The company has a current ratio of 0.92, a quick ratio of 0.89 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 return on equity of 32.22% and a net margin of 2.04%. On average, equities analysts anticipate that Galliford Try Holdings plc will post 25.1560178 EPS for the current year.

Galliford Try announced that its board has initiated a stock repurchase plan on Wednesday, September 17th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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.

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