Galliford Try (LON:GFRD) Sets New 52-Week High – Still a Buy?

Galliford Try Holdings plc (LON:GFRD) hit a new 52-week high on Thursday . The stock traded as high as GBX 638 and last traded at GBX 615, with a volume of 18481 shares changing hands. The stock had previously closed at GBX 615.

Wall Street Analysts Forecast Growth

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

Galliford Try Stock Performance

The company has a market cap of £607.29 million, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47. The firm’s 50-day moving average price is GBX 569.51 and its 200-day moving average price is GBX 543.18.

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.