Galliford Try’s (GFRD) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Galliford Try (LON:GFRD) in a research note released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a GBX 620 price target on the stock.

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

Galliford Try Trading Up 2.9%

Galliford Try stock opened at GBX 538.26 on Wednesday. The firm has a market capitalization of £526.85 million, a PE ratio of 16.72, a PEG ratio of 0.90 and a beta of 1.12. The business’s 50-day simple moving average is GBX 514.50 and its 200-day simple moving average is GBX 484.91. The company has a debt-to-equity ratio of 43.30, a quick ratio of 0.89 and a current ratio of 0.92. Galliford Try has a 52 week low of GBX 294 and a 52 week high of GBX 556.

Insider Activity

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

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.