Galliford Try (LON:GFRD) Price Target Raised to GBX 530 at Berenberg Bank

Galliford Try (LON:GFRD) had its price target boosted by Berenberg Bank from GBX 510 to GBX 530 in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Galliford Try Stock Performance

Galliford Try stock opened at GBX 479.50 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. Galliford Try has a 1 year low of GBX 264 and a 1 year high of GBX 487.50. The company has a market cap of £471.71 million, a PE ratio of 1,242.23, a PEG ratio of 0.90 and a beta of 1.12. The company’s 50-day moving average is GBX 436.12 and its two-hundred day moving average is GBX 403.85.

Galliford Try (LON:GFRD) last released its earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share (EPS) for the quarter. Galliford Try had a net margin of 2.04% and a return on equity of 32.22%. Equities analysts anticipate that Galliford Try will post 25.1560178 earnings per share for the current year.

Galliford Try declared that its board has initiated a share repurchase plan on Wednesday, September 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is 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.