Galliford Try (LON:GFRD) Reaches New 12-Month High – Time to Buy?

Galliford Try Holdings plc (LON:GFRD)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 588 and last traded at GBX 584, with a volume of 75962 shares traded. The stock had previously closed at GBX 577.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price objective on shares of Galliford Try from GBX 650 to GBX 680 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 615.

Galliford Try Trading Up 1.7%

The stock has a market capitalization of £596.43 million, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.46. The stock has a 50-day moving average price of GBX 531.05 and a two-hundred day moving average price of GBX 530.89. The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92.

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.