Galliford Try plc (GFRD) Lowered to “Hold” at Jefferies Group
Jefferies Group lowered shares of Galliford Try plc (LON:GFRD) to a hold rating in a research note issued to investors on Tuesday morning. Jefferies Group currently has GBX 1,388 ($17.34) price objective on the stock, up from their previous price objective of GBX 1,380 ($17.24).
A number of other equities research analysts have also issued reports on GFRD. Beaufort Securities reaffirmed a buy rating on shares of Galliford Try plc in a report on Thursday, September 15th. Numis Securities Ltd lowered their price target on shares of Galliford Try plc from GBX 1,495 ($18.68) to GBX 1,300 ($16.24) and set a hold rating on the stock in a research report on Thursday, September 15th. HSBC reissued a buy rating and set a GBX 1,800 ($22.49) price target on shares of Galliford Try plc in a research report on Thursday, September 15th. Finally, Peel Hunt decreased their target price on shares of Galliford Try plc from GBX 1,980 ($24.74) to GBX 1,675 ($20.93) and set a buy rating on the stock in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Galliford Try plc presently has a consensus rating of Hold and a consensus target price of GBX 1,398.64 ($17.47).
Galliford Try plc (LON:GFRD) opened at 1289.00 on Tuesday. The stock’s market cap is GBX 1.06 billion. The firm’s 50-day moving average is GBX 1,296.14 and its 200-day moving average is GBX 1,181.41. Galliford Try plc has a 52-week low of GBX 739.86 and a 52-week high of GBX 1,574.00.
The company also recently announced a dividend, which will be paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th will be paid a dividend of GBX 56 ($0.70) per share. This represents a dividend yield of 4.61%. This is a positive change from Galliford Try plc’s previous dividend of $26.00. The ex-dividend date of this dividend is Thursday, October 27th.
In related news, insider Kevin Corbett sold 1,990 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of GBX 1,326 ($16.57), for a total transaction of £26,387.40 ($32,967.77).
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Galliford Try plc Company Profile
Galliford Try plc is a United Kingdom-based housebuilding and construction company. The Company’s housebuilding division includes Linden Homes and Galliford Try Partnerships. The Company’s segments include Linden Homes and Galliford Try Partnerships; Construction, including Building and Infrastructure, and public private partnership (PPP) Investments.
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