Galliford Try (LON:GFRD) Hits New 12-Month High – Here’s Why

Shares of Galliford Try Holdings plc (LON:GFRD) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 630 and last traded at GBX 622, with a volume of 296766 shares. The stock had previously closed at GBX 624.47.

Wall Street Analyst Weigh In

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

Galliford Try Stock Down 0.4%

The company has a debt-to-equity ratio of 43.47, a current ratio of 0.92 and a quick ratio of 0.89. The firm has a 50 day simple moving average of GBX 535.58 and a 200-day simple moving average of GBX 533.09. The stock has a market capitalization of £613.88 million, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 0.90 and a beta of 0.46.

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.