Galliford Try’s first-half performance has encouraged Liberum to repeat its buy rating on the contractor with the results showing continued progress towards its 2026 targets.
The broker’s 2026 target implies 77% upside on its underlying profit estimates for 2023, while cash and PPP contracts alone are worth 186p a share.
Legacy contracts, meanwhile, can add a further £95m or 52% of the company’s market cap, with the £15mln buyback announced with the last full-year statement still having £10mln to go.
'Buy' is the broker’s view.