Berenberg Bank Reiterates Buy Rating for Galliford Try (LON:GFRD)

Galliford Try (LON:GFRD)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 620 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 15.19% from the company’s current price.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 550 target price on shares of Galliford Try in a research report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Galliford Try presently has a consensus rating of “Buy” and an average price target of GBX 585.

Galliford Try Trading Up 2.9%

GFRD stock traded up GBX 15.26 on Wednesday, reaching GBX 538.26. The company’s stock had a trading volume of 3,102,710 shares, compared to its average volume of 452,332. The firm has a market cap of £526.85 million, a PE ratio of 16.72, a PEG ratio of 0.90 and a beta of 1.12. The business has a fifty day simple moving average of GBX 513.53 and a two-hundred day simple moving average of GBX 484.54. Galliford Try has a 12-month low of GBX 294 and a 12-month high of GBX 556. The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92.

Insiders Place Their Bets

In other Galliford Try news, insider Kris Hampson sold 4,474 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of GBX 377, for a total value of £16,866.98. Company insiders own 3.29% of the company’s stock.

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. 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.