Galliford Try (LON:GFRD) Price Target Raised to GBX 680

Galliford Try (LON:GFRD) had its target price hoisted by equities researchers at Berenberg Bank from GBX 650 to GBX 680 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 18.37% from the stock’s previous close.

Galliford Try Trading Up 6.4%

LON:GFRD opened at GBX 574.48 on Wednesday. The company has a fifty day moving average of GBX 527.38 and a 200 day moving average of GBX 528.91. Galliford Try has a 52 week low of GBX 407.50 and a 52 week high of GBX 585. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47. The firm has a market capitalization of £567.29 million, a P/E ratio of 16.37, a P/E/G ratio of 0.90 and a beta of 0.46.

Insider Activity at Galliford Try

In other news, insider Kevin Boyd bought 4,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average cost of GBX 528 per share, for a total transaction of £21,120. Company insiders own 3.30% 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.