Peel Hunt downgraded shares of Galliford Try (LON:GFRD) to a hold rating in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has GBX 700 ($9.15) price target on the stock, down from their previous price target of GBX 885 ($11.56).
Several other research firms also recently commented on GFRD. HSBC raised their price target 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 research note on Wednesday, February 20th. Liberum Capital reaffirmed a buy rating on shares of Galliford Try in a research note on Wednesday, January 23rd. Finally, Numis Securities raised shares of Galliford Try to a buy rating and reduced their price target for the stock from GBX 1,200 ($15.68) to GBX 1,100 ($14.37) in a research note on Tuesday, February 19th.
GFRD stock opened at GBX 556.50 ($7.27) on Tuesday. The stock has a market capitalization of $645.11 million and a P/E ratio of 5.40. Galliford Try has a 12 month low of GBX 562 ($7.34) and a 12 month high of GBX 1,117 ($14.60). The company has a current ratio of 1.21, a quick ratio of 0.80 and a debt-to-equity ratio of 159.63.
The business also recently declared a dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 14th were paid a GBX 23 ($0.30) dividend. This represents a yield of 3.01%. The ex-dividend date was Thursday, March 14th. Galliford Try’s dividend payout ratio is presently 0.70%.
About Galliford Try
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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