Peel Hunt Reaffirms Buy Rating for Galliford Try (LON:GFRD)

Key Points

• Peel Hunt has reaffirmed a "buy" rating for Galliford Try (LON:GFRD) with a price target of GBX 550, indicating a potential upside of 5.23% from its current price.
• Berenberg Bank has increased its price target for Galliford Try from GBX 510 to GBX 530, also maintaining a "buy" rating.
• Galliford Try's recent quarterly earnings report showed an earnings per share of GBX 34.40 and the company has initiated a stock repurchase program, suggesting management believes its stock is undervalued.

Galliford Try (LON:GFRD - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Peel Hunt in a report released on Monday,Digital Look reports. They presently have a GBX 550 price objective on the stock. Peel Hunt's price target indicates a potential upside of 5.23% from the stock's current price.

Separately, Berenberg Bank raised their price target on shares of Galliford Try from GBX 510 to GBX 530 and gave the company a "buy" rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 540.

Galliford Try Stock Up 1.7%

LON:GFRD opened at GBX 522.66 on Monday. Galliford Try has a fifty-two week low of GBX 294 and a fifty-two week high of GBX 556. The stock has a market capitalization of £513.63 million, a P/E ratio of 16.23, a P/E/G ratio of 0.90 and a beta of 1.12. The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. The company's 50-day simple moving average is GBX 466.21 and its 200-day simple moving average is GBX 429.09.

Galliford Try (LON:GFRD - Get Free Report) last released its quarterly earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share for the quarter. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%. On average, equities analysts anticipate that Galliford Try will post 25.1560178 earnings per share for the current fiscal year.

Galliford Try announced that its board has approved a share repurchase program 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. Stock repurchase programs are generally a sign that the company's leadership believes its shares are 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.

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