Berenberg Bank Forecasts Strong Price Appreciation for Galliford Try (LON:GFRD) Stock

Galliford Try (LON:GFRD - Get Free Report) had its target price upped by stock analysts at Berenberg Bank from GBX 470 ($6.39) to GBX 510 ($6.93) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 13.84% from the stock's previous close.

Galliford Try Stock Performance

GFRD traded up GBX 7 ($0.10) during midday trading on Wednesday, hitting GBX 448 ($6.09). 188,630 shares of the company were exchanged, compared to its average volume of 204,475. The company's 50 day simple moving average is GBX 414.63 and its 200 day simple moving average is GBX 384.54. The firm has a market capitalization of £444.29 million, a price-to-earnings ratio of 13.00, a price-to-earnings-growth 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 has a 1-year low of GBX 264 ($3.59) and a 1-year high of GBX 449.50 ($6.11).

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.