|Bid||77.83 x 0|
|Ask||78.22 x 0|
|Day's range||75.46 - 78.28|
|52-week range||70.56 - 201.40|
|Beta (5Y monthly)||0.82|
|PE ratio (TTM)||0.27|
|Earnings date||16 Sep 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||19 Mar 2020|
|1y target est||1,054.00|
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.
Markets and the pound will be braced for more Brexit drama as talks are set to resume following an impasse between the two sides.