Galliford Try (GFRD) Lowered to “Hold” at Peel Hunt

Galliford Try (LON:GFRD) was downgraded by analysts at Peel Hunt to a “hold” rating in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. They presently have a GBX 700 ($9.15) target price on the stock, down from their prior target price of GBX 885 ($11.56). Peel Hunt’s target price points to a potential downside of 3.51% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Liberum Capital restated a “buy” rating on shares of Galliford Try in a report on Tuesday, March 26th. HSBC upped their price objective on shares of Galliford Try from GBX 1,140 ($14.90) to GBX 1,300 ($16.99) and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Numis Securities upgraded shares of Galliford Try to a “buy” rating and lowered their price objective for the stock from GBX 1,200 ($15.68) to GBX 1,100 ($14.37) in a report on Tuesday, February 19th.

GFRD opened at GBX 725.50 ($9.48) on Tuesday. The company has a debt-to-equity ratio of 159.63, a quick ratio of 0.80 and a current ratio of 1.21. Galliford Try has a 1-year low of GBX 562 ($7.34) and a 1-year high of GBX 1,117 ($14.60). The firm has a market cap of $802.79 million and a price-to-earnings ratio of 7.04.

Galliford Try Company Profile

Galliford Try plc operates as a housebuilding, regeneration, and construction primarily in the United Kingdom. The company operates through Linden Homes, Partnerships & Regeneration, Building, Infrastructure, and PPP Investments segments. The company develops and sells private and affordable homes under the Linden Homes brand name; and builds sustainable communities, as well as provides private housing for sale on regeneration-led sites.

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