Galliford Try (LON:GFRD) Reaches New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

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

Galliford Try Stock Performance

The company has a fifty day moving average of GBX 573.34 and a two-hundred day moving average of GBX 544.22. The stock has a market capitalization of £600.38 million, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89.

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.