Galliford Try (LON:GFRD) Approves Stock Buyback Plan

Galliford Try (LON:GFRD) announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 17th, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their target price on shares of Galliford Try from GBX 680 to GBX 750 and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Galliford Try has a consensus rating of “Buy” and an average price target of GBX 650.

Galliford Try Stock Up 6.0%

Galliford Try stock traded up GBX 37 during mid-day trading on Thursday, reaching GBX 649. 852,338 shares of the company’s stock were exchanged, compared to its average volume of 733,449. The company has a fifty day moving average of GBX 600.32 and a 200-day moving average of GBX 550.64. The company has a market cap of £641.32 million, a P/E ratio of 18.49, a P/E/G ratio of 0.90 and a beta of 0.47. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.47. Galliford Try has a twelve month low of GBX 465 and a twelve month high of GBX 659.

Galliford Try (LON:GFRD) last released its earnings results on Thursday, September 17th. The company reported GBX 41.70 earnings per share (EPS) for the quarter. Galliford Try had a return on equity of 30.23% and a net margin of 1.93%. Sell-side analysts expect that Galliford Try will post 25.1560178 EPS for the current year.

Key Galliford Try News

Here are the key news stories impacting Galliford Try this week:

• Positive Sentiment: Profit growth exceeded expectations: FY26 adjusted pre-tax profit rose 24.2% to £55.9 million, supported by higher revenue and widening margins. The company also reported quarterly EPS of 41.70p, with a 30.23% return on equity. Galliford Try FY26 Adjusted Pre-Tax Profit Rises 24.2% to £55.9 Million
• Positive Sentiment: Strong forward visibility: Management highlighted a sixth consecutive year of growth and an order book worth £4.3 billion, providing support for future revenue and earnings. Galliford Try’s Kris Hampson: Sixth straight year of growth as order book hits £4.3bn
• Positive Sentiment: Shareholder returns strengthened: Galliford Try launched a £15 million share buyback, which could provide additional demand for the stock and signals management confidence in cash generation. Galliford Try Annual Profit, Revenue Rise; Launches £15 Mln Share Buyback Programme
• Positive Sentiment: Analyst support increased: Berenberg raised its price target from 680p to 750p and retained a “buy” rating, while commentary suggested the shares may have further upside as margins improve. Galliford Try shares have further to run as margins widen
• Neutral Sentiment: The shares reached a new one-year high, indicating strong momentum but also leaving investors to assess whether the improved outlook is already reflected in the valuation. Galliford Try Hits New 1-Year High

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.