|Bid||111.12 x 0|
|Ask||111.76 x 0|
|Day's range||109.00 - 117.72|
|52-week range||0.70 - 201.40|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||0.39|
|Earnings date||16 Sep 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||19 Mar 2020|
|1y target est||1,054.00|
After recent price falls across British stock markets, there are a lot of cheap UK shares. Here are two I would buy to benefit from their recovery. The post 2 cheap UK shares I’d buy as recovery plays appeared first on The Motley Fool UK.
Britain's construction industry has recovered in the past few months, helping to boost building companies' order books. Galliford expects to return to profitability after two consecutive years of losses as productivity neared normal levels, sending its shares up as much as 11%. A year-on-year increase in its order book helped Galliford secure 90% of planned revenue for 2021, and the group is focusing on improving margins by opting for smaller contracts.
"We have successfully transitioned to a well-capitalised UK construction business and I am confident about our future ... The Group is performing well and focusing on its core strengths of building, highways and environment," said Chief Executive Officer Bill Hocking. Galliford, known for the re-development of the Wimbledon tennis venue, forecast revenue between 1.1 billion pounds and 1.3 billion pounds ($1.4 billion and $1.7 billion) for the year ending June 2021.