Today: The Galliford Try plc (GFRD) Lowered by Jefferies Group to “Hold”

The Galliford Try plc (GFRD) Lowered by Jefferies Group to “Hold”

Jefferies Group downgraded shares of Galliford Try plc (LON:GFRD) to a hold rating in a research note released on Tuesday. They currently have GBX 1,388 ($17.34) price target on the stock, up from their previous price target of GBX 1,380 ($17.24).

Other research analysts have also recently issued reports about the company. Beaufort Securities restated a buy rating on shares of Galliford Try plc in a research note on Thursday, September 15th. Peel Hunt decreased their price target on Galliford Try plc from GBX 1,980 ($24.74) to GBX 1,675 ($20.93) and set a buy rating on the stock in a research note on Wednesday, September 14th. HSBC restated a buy rating and set a GBX 1,800 ($22.49) price target on shares of Galliford Try plc in a research note on Thursday, September 15th. Finally, Numis Securities Ltd cut their price objective on Galliford Try plc from GBX 1,495 ($18.68) to GBX 1,300 ($16.24) and set a hold rating on the stock in a research report on Thursday, September 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 1,398.64 ($17.47).

Shares of Galliford Try plc (LON:GFRD) opened at 1250.1049 on Tuesday. The firm’s 50-day moving average price is GBX 1,288.62 and its 200-day moving average price is GBX 1,182.62. Galliford Try plc has a 12 month low of GBX 739.86 and a 12 month high of GBX 1,574.00. The firm’s market cap is GBX 1.03 billion.

The firm also recently announced a dividend, which was paid on Wednesday, November 23rd. Investors of record on Thursday, October 27th were issued a GBX 56 ($0.70) dividend. This represents a yield of 4.61%. The ex-dividend date of this dividend was Thursday, October 27th. This is a positive change from Galliford Try plc’s previous dividend of $26.00.

In related news, insider Kevin Corbett sold 1,990 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of GBX 1,326 ($16.57), for a total value of £26,387.40 ($32,967.77).

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