Galliford Try (LON:GFRD) Hits New 1-Year High After Analyst Upgrade

Key Points

• Galliford Try Holdings plc reached a new 52-week high after Berenberg Bank raised its price target from GBX 510 to GBX 530, maintaining a buy rating on the stock.
• The stock traded as high as GBX 487.50 and last traded at GBX 479.50, significantly up from the previous close of GBX 431.50.
• In its latest earnings report, Galliford Try posted GBX 34.40 earnings per share and has a projected EPS of 25.16 for the current fiscal year, indicating strong financial performance.

Galliford Try Holdings plc (LON:GFRD - Get Free Report)'s stock price hit a new 52-week high on Wednesday after Berenberg Bank raised their price target on the stock from GBX 510 to GBX 530. Berenberg Bank currently has a buy rating on the stock. Galliford Try traded as high as GBX 487.50 ($6.57) and last traded at GBX 479.50 ($6.46), with a volume of 825042 shares changing hands. The stock had previously closed at GBX 431.50 ($5.81).

Galliford Try Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The company has a 50 day moving average price of GBX 437.79 and a 200 day moving average price of GBX 405.96. The company has a market capitalization of £490.89 million, a price-to-earnings ratio of 1,292.75, a PEG ratio of 0.90 and a beta of 1.12.

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

Galliford Try announced that its Board of Directors has approved a share repurchase 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 typically an indication that the company's board of directors believes its stock is undervalued.

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.