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

Shares of Galliford Try Holdings plc (LON:GFRD) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 579 and last traded at GBX 577, with a volume of 273659 shares changing hands. The stock had previously closed at GBX 568.

Analysts Set New Price Targets

GFRD has been the topic of a number of analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 620 price target on shares of Galliford Try in a research note on Wednesday, January 21st. Peel Hunt reissued a “buy” rating and issued a GBX 550 target price on shares of Galliford Try in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Galliford Try has an average rating of “Buy” and an average price target of GBX 585.

Galliford Try Price Performance

The company has a 50 day moving average of GBX 533.86 and a 200 day moving average of GBX 500.29. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The firm has a market cap of £562.70 million, a price-to-earnings ratio of 17.92, a P/E/G ratio of 0.90 and a beta of 1.12.

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.