Galliford Try (LON:GFRD) Sets New 12-Month High – Should You Buy?

Galliford Try Holdings plc (LON:GFRD) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 588 and last traded at GBX 584, with a volume of 75962 shares changing hands. The stock had previously closed at GBX 577.

Wall Street Analyst Weigh In

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

Galliford Try Stock Performance

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 stock has a 50 day simple moving average of GBX 529.19 and a 200 day simple moving average of GBX 529.94. The company has a market capitalization of £576.76 million, a price-to-earnings ratio of 16.64, a P/E/G 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.