Galliford Try (GFRD) Rating Lowered to Hold at Numis Securities
Galliford Try (LON:GFRD) was downgraded by Numis Securities to a “hold” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 650 ($8.49) price objective on the stock. Numis Securities’ target price indicates a potential upside of 15.97% from the stock’s current price.
GFRD has been the topic of a number of other reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 865 ($11.30) price target (down from GBX 970 ($12.67)) on shares of Galliford Try in a research note on Tuesday, April 16th. Peel Hunt cut Galliford Try to a “hold” rating and lowered their target price for the stock from GBX 885 ($11.56) to GBX 700 ($9.15) in a research note on Tuesday, April 16th. Finally, HSBC boosted their target price on Galliford Try from GBX 1,140 ($14.90) to GBX 1,300 ($16.99) and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 875 ($11.43).
Shares of LON:GFRD traded down GBX 58.50 ($0.76) during trading on Wednesday, reaching GBX 560.50 ($7.32). The stock had a trading volume of 1,131,358 shares, compared to its average volume of 955,104. The company has a debt-to-equity ratio of 159.63, a current ratio of 1.21 and a quick ratio of 0.80. The firm has a market capitalization of $620.21 million and a PE ratio of 5.44. Galliford Try has a 1-year low of GBX 499.60 ($6.53) and a 1-year high of GBX 1,117 ($14.60).
Galliford Try plc operates as a housebuilding, regeneration, and construction primarily in the United Kingdom. The company operates through Linden Homes, Partnerships & Regeneration, Building, Infrastructure, and PPP Investments segments. The company develops and sells private and affordable homes under the Linden Homes brand name; and builds sustainable communities, as well as provides private housing for sale on regeneration-led sites.
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