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

Galliford Try Holdings plc (LON:GFRD) shares reached a new 52-week high 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.

Analysts Set New Price Targets

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

Galliford Try Stock Performance

The company has a market capitalization of £600.38 million, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The firm has a fifty day simple moving average of GBX 583.57 and a 200 day simple moving average of GBX 547.05. The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89.

About Galliford Try

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.