Galliford Try (LON:GFRD) Announces Earnings Results

Key Points

• Galliford Try reported earnings of GBX 34.40 per share for the quarter, with a net margin of 2.04% and return on equity of 32.22%.
• Analysts from Berenberg Bank raised their price target for Galliford Try shares from GBX 510 to GBX 530, maintaining a "buy" rating for the stock.
• The company has a current market capitalization of £463.75 million and a debt-to-equity ratio of 43.30.

Galliford Try (LON:GFRD - Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 34.40 earnings per share for the quarter, Digital Look Earnings reports. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%.

Galliford Try Stock Up 0.6%

GFRD traded up GBX 3 during trading on Thursday, reaching GBX 482.50. The company had a trading volume of 757,255 shares, compared to its average volume of 203,811. The company has a debt-to-equity ratio of 43.30, a current ratio of 0.92 and a quick ratio of 0.89. Galliford Try has a 12 month low of GBX 264 and a 12 month high of GBX 487.50. The business's fifty day moving average price is GBX 436.81 and its 200 day moving average price is GBX 404.77. The company has a market cap of £474.66 million, a P/E ratio of 1,250.00, a PEG ratio of 0.90 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Berenberg Bank lifted their price objective on shares of Galliford Try from GBX 510 to GBX 530 and gave the stock a "buy" rating in a research note on Wednesday. Peel Hunt reissued a "buy" rating and issued a GBX 525 price target on shares of Galliford Try in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Galliford Try currently has a consensus rating of "Buy" and a consensus target price of GBX 527.50.

Galliford Try declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 17th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board 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.