Galliford Try (LON:GFRD) Sets New 12-Month High – Still a Buy?

Galliford Try Holdings plc (LON:GFRD) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 632 and last traded at GBX 627.05, with a volume of 502611 shares trading hands. The stock had previously closed at GBX 620.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on Galliford Try from GBX 650 to GBX 680 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 615.

Galliford Try Stock Performance

The firm has a market capitalization of £619.70 million, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.47. The business’s 50 day simple moving average is GBX 556.66 and its two-hundred day simple moving average is GBX 539.61.

Galliford Try Company Profile

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.