Galliford Try plc (GFRD) PT Lowered to GBX 1,300

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Galliford Try plc (LON:GFRD) had its target price dropped by stock analysts at Numis Securities Ltd from GBX 1,495 ($19.91) to GBX 1,300 ($17.31) in a research note issued on Thursday. The brokerage presently has a “hold” rating on the stock. Numis Securities Ltd’s target price points to a potential upside of 7.00% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Beaufort Securities reissued a “buy” rating on shares of Galliford Try plc in a research report on Thursday. Peel Hunt reduced their price target on shares of Galliford Try plc from GBX 1,980 ($26.37) to GBX 1,675 ($22.31) and set a “buy” rating for the company in a research report on Wednesday. HSBC reaffirmed a “buy” rating and set a GBX 1,800 ($23.97) price objective on shares of Galliford Try plc in a report on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,380 ($18.38) price objective on shares of Galliford Try plc in a report on Monday, June 27th. Finally, Barclays PLC downgraded shares of Galliford Try plc to an “underweight” rating and cut their price objective for the stock from GBX 1,526.80 ($20.34) to GBX 830.20 ($11.06) in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,415.90 ($18.86).
Galliford Try plc (LON:GFRD) opened at 1213.64 on Thursday. The firm’s market capitalization is GBX 994.35 million. The company has a 50 day moving average of GBX 1,072.24 and a 200 day moving average of GBX 1,203.76. Galliford Try plc has a 1-year low of GBX 739.86 and a 1-year high of GBX 1,800.00.

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The firm also recently announced a dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 56 ($0.75) per share. This represents a dividend yield of 4.61%. This is a boost from Galliford Try plc’s previous dividend of $26.00. The ex-dividend date is Thursday, October 27th.
In other Galliford Try plc news, insider Slark,Gavin bought 1,200 shares of the stock in a transaction dated Tuesday, June 28th. The shares were bought at an average cost of GBX 893 ($11.89) per share, for a total transaction of £10,716 ($14,272.78). Also, insider Fitzgerald,Greg bought 79,500 shares of the stock in a transaction dated Monday, June 27th. The shares were acquired at an average price of GBX 874 ($11.64) per share, for a total transaction of £694,830 ($925,452.85).
About Galliford Try plc
Galliford Try plc is a United Kingdom-based housebuilding and construction company. The Company’s housebuilding division includes Linden Homes and Galliford Try Partnerships. The Company’s segments include Linden Homes and Galliford Try Partnerships; Construction, including Building and Infrastructure, and public private partnership (PPP) Investments.

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