Shares of Galliford Try Holdings plc (LON:GFRD – Get Free Report) reached a new 52-week high during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 680 to GBX 750. Berenberg Bank currently has a buy rating on the stock. Galliford Try traded as high as GBX 650 and last traded at GBX 641.80, with a volume of 254052 shares changing hands. The stock had previously closed at GBX 612.
Galliford Try News Summary
Here are the key news stories impacting Galliford Try this week:
- Positive Sentiment: Berenberg maintained its Buy rating and raised its price target to GBX 750 from GBX 680, implying further potential upside and reinforcing positive analyst sentiment. Berenberg Bank Sticks to Its Buy Rating for Galliford Try
- Positive Sentiment: FY26 adjusted pre-tax profit increased 24.2% to £55.9 million, while revenue also rose. Investors viewed the earnings growth and widening margins as evidence that profitability is improving. Galliford Try FY26 Adjusted Pre-Tax Profit Rises
- Positive Sentiment: The company launched a £15 million share buyback programme. Buybacks can support earnings per share and signal that management considers the shares undervalued. One syndicated report lists zero shares in the authorization field, which appears inconsistent with the separately reported £15 million programme. Galliford Try Annual Profit, Revenue Rise and Share Buyback
- Positive Sentiment: Management highlighted a £4.3 billion order book and a sixth consecutive year of growth, providing improved revenue visibility for future periods. Galliford Try Order Book and Growth Interview
- Neutral Sentiment: Reported quarterly EPS was GBX 41.70, with a 30.23% return on equity and a 1.93% net margin, adding context to the company’s profitability profile. Galliford Try Earnings Report
Galliford Try Stock Performance
The company has a market capitalization of £675.91 million, a PE ratio of 19.49, a PEG ratio of 0.90 and a beta of 0.47. The stock’s fifty day simple moving average is GBX 603.23 and its 200-day simple moving average is GBX 551.57. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 35.36.
Galliford Try announced that its board has authorized a stock repurchase program on Thursday, September 17th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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.
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