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

Galliford Try (LON:GFRD) had its price objective boosted by stock analysts at Berenberg Bank from GBX 650 to GBX 680 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 19.30% from the company’s previous close.

Galliford Try Price Performance

LON GFRD opened at GBX 570 on Wednesday. The firm’s 50 day moving average is GBX 528.43 and its 200-day moving average is GBX 529.52. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47. The company has a market capitalization of £562.86 million, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.90 and a beta of 0.46. Galliford Try has a 12-month low of GBX 407.50 and a 12-month high of GBX 585.

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.