Galliford Try Holdings plc’s (LON:GFRD) 25% Share Price Surge Not Quite Adding Up
The Galliford Try Holdings plc (LON:GFRD) share price has done very well over the last month, posting an excellent gain of 25%. The last 30 days bring the annual gain to a very sharp 60%.
Even after such a large jump in price, there still wouldn’t be many who think Galliford Try Holdings’ price-to-earnings (or “P/E”) ratio of 15.3x is worth a mention when the median P/E in the United Kingdom is similar at about 17x. While this might not raise any eyebrows, if the P/E ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
Galliford Try Holdings hasn’t…
