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Galliford Try ( (GB:GFRD) ) just unveiled an update.
Galliford Try has been appointed to a significant £59 billion High Voltage Direct Current (HVDC) Framework with National Grid, marking a strategic move into the energy market. This five-year framework aims to upgrade the electricity grid to support net zero and decarbonisation goals. Galliford Try will collaborate with RPS Group on the Major Works & Civils Framework, Lot 1, which is valued at £9 billion, to design and construct civil engineering and building works for converter stations. This appointment aligns with Galliford Try’s Sustainable Growth Strategy, enhancing its role in modernising the energy system and addressing future energy needs.
The most recent analyst rating on (GB:GFRD) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Galliford Try stock, see the GB:GFRD Stock Forecast page.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s strong financial performance, supported by robust revenue growth and cash flow, is the primary driver of the score. Technical indicators and valuation reflect moderate positive sentiment. Exceeding performance expectations and share buybacks further enhance the company’s outlook.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings plc is a leading UK construction group listed on the London Stock Exchange. Operating under the names Galliford Try and Morrison Construction, the company undertakes building and infrastructure projects for clients in the public, private, and regulated sectors across the UK.
Average Trading Volume: 134,644
Technical Sentiment Signal: Buy
Current Market Cap: £423.9M
For an in-depth examination of GFRD stock, go to TipRanks’ Overview page.