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

Berenberg Bank reiterated their buy rating on shares of Galliford Try (LON:GFRD) in a report published on Monday,Digital Look reports. The brokerage currently has a GBX 650 price target on the stock.

Galliford Try Stock Performance

GFRD stock opened at GBX 548.53 on Monday. The business’s fifty day moving average is GBX 522.91 and its 200-day moving average is GBX 523.02. 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 company has a market cap of £538.67 million, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 0.90 and a beta of 0.45. Galliford Try has a twelve month low of GBX 396.50 and a twelve month high of GBX 585.

Galliford Try (LON:GFRD) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 18.60 EPS for the quarter. Galliford Try had a net margin of 1.93% and a return on equity of 30.23%. Equities research analysts forecast that Galliford Try will post 25.1560178 EPS for the current year.

Insider Activity at Galliford Try

In other news, insider Kevin Boyd acquired 4,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average price of GBX 528 per share, for a total transaction of £21,120. 3.32% of the stock is currently owned by corporate insiders.

Galliford Try Company Profile

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.