Construction group Galliford Try Holdings PLC (LSE:GFRD) has confirmed its trading gels with recently upgraded expectations in an update ahead of its annual meeting.
The company highlighted a resilient market environment and a strong pipeline of opportunities that adhere to its disciplined bidding criteria.
Peel Hunt noted that management remains confident in achieving its 2030 strategic goals, unveiled during its May capital markets event.
The broker estimates these objectives could support a 15% compound annual growth rate in earnings per share (EPS) and dividends per share (DPS) through to 2030.
For the year ending June 2025, the 'house broker' forecasts Galliford Try will achieve a pre-tax profit of £34 million and EPS of 24.7p, in line with the guidance.
Average net cash for FY25 is expected to reach £160 million, even after factoring in a £10 million share buyback programme, of which £2.1 million has been executed.
Peel Hunt believes Galliford Try shares, trading at 13.4 times estimated June 2026 EPS, represent strong value given the company’s growth outlook and robust balance sheet.
The brokerage reiterated its 'buy' advice and 380p price target. In afternoon trading, the shares were changing hands for 373.33p.