Galliford Try (LON:GFRD) Earns “Buy” Rating from Berenberg Bank

Galliford Try (LON:GFRD)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 650 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 21.27% from the company’s previous close.

Galliford Try Stock Down 1.1%

GFRD stock opened at GBX 536 on Monday. The company has a debt-to-equity ratio of 43.47, a quick ratio of 0.89 and a current ratio of 0.92. The company has a market capitalization of £526.36 million, a price-to-earnings ratio of 15.27, a PEG ratio of 0.90 and a beta of 0.45. Galliford Try has a fifty-two week low of GBX 396.50 and a fifty-two week high of GBX 585. The stock has a fifty day moving average of GBX 523.27 and a 200-day moving average of GBX 522.71.

Galliford Try (LON:GFRD) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX 18.60 earnings per share for the quarter. Galliford Try had a return on equity of 30.23% and a net margin of 1.93%. As a group, equities research analysts predict that Galliford Try will post 25.1560178 earnings per share for the current year.

Insider Buying and Selling at Galliford Try

In other news, insider Kevin Boyd purchased 4,000 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of GBX 528 per share, for a total transaction of £21,120. Insiders own 3.32% of the company’s stock.

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.