Shares of Galliford Try Holdings plc (LON:GFRD - Get Free Report) hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 717 and last traded at GBX 703, with a volume of 228837 shares trading hands. The stock had previously closed at GBX 698.
Analyst Ratings Changes
Separately, Berenberg Bank lifted their target price on shares of Galliford Try from GBX 680 to GBX 750 and gave the company a "buy" rating in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 650.
Check Out Our Latest Stock Report on GFRD
Galliford Try Stock Performance
The company has a market capitalization of £694.68 million, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The stock has a 50-day simple moving average of GBX 620.10 and a 200-day simple moving average of GBX 558.20. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 35.36.
Galliford Try (LON:GFRD - Get Free Report) last announced its quarterly earnings data on Thursday, September 17th. The company reported GBX 41.70 earnings per share for the quarter. Galliford Try had a net margin of 2.13% and a return on equity of 32.45%. On average, analysts anticipate that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current year.
Galliford Try announced that its board has initiated a stock buyback plan on Thursday, September 17th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.
About Galliford Try
(
Get Free Report)
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. We see long-term growth and appropriate margins in these markets.
Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.
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