Quiet here..maybe most have dumped their shares. I'm a long term investor and don't see a reason to take losses, its not another Carillion so don't know why the price has suffered so badly but I'm still holding for the generous dividend and eventuall sp north of 15. Only wish they'd consider selling off the construction part of the the business. Even their ambitious target of over 2% margins on it are poor and might not be achievable. I want them to keep their focus on reducing debt and increasing the dividend cover to x 2 then the sp will fly.
If not shorters responsible for the big drop then i cant make sense of it. Maybe just stop losses being triggered, Also maybe a possible dividend cut is being priced in.
Galliford Try plc 31.1% Potential Upside Indicated by Liberum Capital Posted by: Amilia Stone 18th January 2018 Galliford Try plc using EPIC/TICKER code (LON:GFRD) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Galliford Try plc are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 1550 GBX on its stock. This is indicating the analyst believes there is a potential upside of 31.1% from today’s opening price of 1182 GBX. Over the last 30 and 90 trading days the company share price has decreased 68 points and decreased 171 points respectively. The 52 week high for the stock is 1592 GBX while the 52 week low for the stock is 1134.72 GBX. Galliford Try plc has a 50 day moving average of 1,231.11 GBX and a 200 day moving average of 1,296.17. There are currently 82,891,686 shares in issue with the average daily volume traded being 261,095. Market capitalisation for LON:GFRD is £977,292,978 GBP.
The falls overdone in imo. Id be topping up if i had the spare cash