Berenberg Bank Forecasts Strong Price Appreciation for Galliford Try (LON:GFRD) Stock

Galliford Try (LON:GFRD) had its target price increased by equities researchers at Berenberg Bank from GBX 620 to GBX 650 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 17.54% from the stock’s previous close.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 550 price target on shares of Galliford Try in a research report on Thursday, November 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 600.

Galliford Try Price Performance

Shares of GFRD opened at GBX 553 on Wednesday. The stock has a market cap of £539.30 million, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 0.90 and a beta of 0.29. Galliford Try has a 1 year low of GBX 294 and a 1 year high of GBX 585. The stock’s 50-day moving average price is GBX 539.64 and its two-hundred day moving average price is GBX 507.39. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.47.

Galliford Try (LON:GFRD) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 18.60 earnings per share for the quarter. Galliford Try had a net margin of 1.93% and a return on equity of 30.23%. On average, equities analysts predict that Galliford Try will post 25.1560178 earnings per share for the current year.

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.