Galliford Try (LON:GFRD) Sets New 52-Week High – What’s Next?

Galliford Try Holdings plc (LON:GFRD – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 640 and last traded at GBX 621, with a volume of 1789 shares changing hands. The stock had previously closed at GBX 617.

Analyst Upgrades and Downgrades

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

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Read Our Latest Stock Analysis on Galliford Try

Galliford Try Price Performance

The business’s 50-day simple moving average is GBX 580.09 and its two-hundred day simple moving average is GBX 546.07. The stock has a market cap of £610.26 million, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89.

Galliford Try Company Profile

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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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