Galliford Try (LON:GFRD) Hits New 52-Week High – Time to Buy?

Galliford Try Holdings plc (LON:GFRD)’s share price reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 717 and last traded at GBX 703, with a volume of 228837 shares. The stock had previously closed at GBX 698.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on Galliford Try from GBX 680 to GBX 750 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Galliford Try has an average rating of “Buy” and a consensus target price of GBX 650.

Galliford Try Price Performance

The stock has a market capitalization of £685.79 million, a PE ratio of 19.77, a PEG ratio of 0.90 and a beta of 0.47. The firm’s fifty day moving average price is GBX 623.84 and its two-hundred day moving average price is GBX 560.42. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 35.36.

Galliford Try (LON:GFRD) last posted its earnings results on Thursday, September 17th. The company reported GBX 41.70 earnings per share for the quarter. Galliford Try had a return on equity of 32.45% and a net margin of 2.13%. On average, equities analysts predict that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current year.

Galliford Try declared that its Board of Directors has authorized a stock buyback program on Thursday, September 17th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

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.