Galliford Try
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Galliford Try share price more attractive?
- Numis upgrades to Buy (from Add), with a target of 1100p.
- Consensus summary: 4 Buys, 2 Holds, 0 Sell; Average target: 953p (Source: Bloomberg).
- Current share price 707p (at time of writing).
- Shares -14.1% from 2019 highs; +12.4% from 2019 lows; +14.1% year-to date
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Trading Galliford – An Example
Let’s say you think that Galliford shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Galliford using a CFD, at the current price of 707p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Galliford share price rises to 783p Feb highs (+10.7%). Your profit would be £1070 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Galliford shares fall 5% and hit your stop-loss. Your loss would be £500.
This is provided for information purposes only. It should not be taken as a recommendation.