Galliford Try's (GFRD) "Buy" Rating Reaffirmed at Peel Hunt

Key Points

• Peel Hunt has reiterated its "buy" rating for Galliford Try (GFRD) with a price target of GBX 525, indicating a potential upside of 12.12% from the stock's current price.
• Berenberg Bank has raised its price target for the company's shares from GBX 510 to GBX 530, also giving Galliford Try a "buy" rating.
• Galliford Try recently authorized a stock buyback program, suggesting that its board believes the stock is undervalued.

Peel Hunt restated their buy rating on shares of Galliford Try (LON:GFRD - Free Report) in a research report report published on Thursday, MarketBeat reports. Peel Hunt currently has a GBX 525 price target on the stock.

Separately, Berenberg Bank raised their target price on shares of Galliford Try from GBX 510 to GBX 530 and gave the company a "buy" rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 527.50.

Galliford Try Stock Down 1.1%

Galliford Try stock traded down GBX 5.50 during trading hours on Thursday, hitting GBX 493.50. 335,184 shares of the stock traded hands, compared to its average volume of 205,911. The firm's 50-day moving average price is GBX 437.79 and its two-hundred day moving average price is GBX 406.12. Galliford Try has a one year low of GBX 292 and a one year high of GBX 514. The company has a market cap of £485.48 million, a PE ratio of 1,278.50, a PEG 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 posted its quarterly earnings data on Wednesday, September 17th. The company reported GBX 34.40 EPS for the quarter. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%. On average, research analysts forecast that Galliford Try will post 25.1560178 EPS for the current year.

Galliford Try announced that its Board of Directors has approved a share buyback 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. Shares repurchase plans are generally an indication that the company's management 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.