Galliford Try’s (GFRD) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reissued their buy rating on shares of Galliford Try (LON:GFRD) in a research report sent to investors on Wednesday morning.

A number of other research firms have also issued reports on GFRD. Numis Securities increased their target price on Galliford Try from GBX 950 ($12.41) to GBX 1,200 ($15.68) and gave the company an add rating in a report on Friday, September 14th. Liberum Capital reiterated a buy rating on shares of Galliford Try in a report on Wednesday, September 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Galliford Try currently has a consensus rating of Hold and a consensus price target of GBX 1,125.20 ($14.70).

GFRD opened at GBX 905 ($11.83) on Wednesday. Galliford Try has a 12-month low of GBX 772.50 ($10.09) and a 12-month high of GBX 1,592 ($20.80).

The company also recently disclosed a dividend, which will be paid on Wednesday, December 5th. Investors of record on Thursday, November 8th will be issued a dividend of GBX 49 ($0.64) per share. This represents a dividend yield of 4.44%. This is a positive change from Galliford Try’s previous dividend of $28.00. The ex-dividend date is Thursday, November 8th.

In related news, insider Kevin Corbett sold 2,484 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of GBX 1,046 ($13.67), for a total transaction of £25,982.64 ($33,950.92).

About Galliford Try

Galliford Try plc operates as a housebuilding and construction company primarily in the United Kingdom. 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.

Further Reading: Cash Flow Analysis in Stock Selection

Analyst Recommendations for Galliford Try (LON:GFRD)

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