UK's Galliford rises on forecasting profit at top end of estimates; brokers hike PTs
15/07/2026 09:20
BUZZ-UK's Galliford rises on forecasting profit at top end of estimates; brokers hike PTs ** UK construction group Galliford Try GFRD.L shares jump as much as 3.5% to 558.8p
** Co expects FY revenue to grow about 3%, with adjusted profit before tax at top end of company-compiled consensus range of £51.4 million to £53.4 million
** Two brokerages raise their target prices on GFRD, with Berenberg lifting its PT to 680p from 650p and Peel Hunt to 700p from 650p
** "Galliford remains in great shape, in our view, delivering strategic, operational, and financial progress," Peel Hunt analysts say in a note
** So far in 2026, stock has risen 5%
(Reporting by Anushka Chourasia in Bengaluru)