Berenberg Bank Reiterates Buy Rating for Galliford Try (LON:GFRD)

Galliford Try (LON:GFRD)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 620 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 14.60% from the company’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 550 target price on shares of Galliford Try in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Galliford Try has an average rating of “Buy” and an average price target of GBX 585.

Galliford Try Stock Performance

Shares of LON GFRD opened at GBX 541 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 43.30. The stock has a 50 day simple moving average of GBX 515.60 and a 200-day simple moving average of GBX 485.30. The company has a market cap of £529.53 million, a PE ratio of 16.80, a P/E/G ratio of 0.90 and a beta of 1.12. Galliford Try has a 12-month low of GBX 294 and a 12-month high of GBX 556.

Insider Buying and Selling

In other Galliford Try news, insider Kris Hampson sold 4,474 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of GBX 377, for a total value of £16,866.98. 3.29% of the stock is currently owned by insiders.

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.