Broker snap: Panmure Gordon still bullish on Galliford Try

4th Jan 2012 12:27

Analyst Rachael Waring at Panmure Gordon has today issued a very positive note on construction and house building group Galliford Try. In her own words, "In January 2011 we picked Galliford Try as our 'Stock of the Year'. "Since then, the shares have risen by 50% and paid the largest dividend in the sector, outperforming the FTSE All Share by 55%. "For the first time in this analyst's 19 year stock broking career, the 2011 pick is rolled over to become the 2012 key pick. Galliford is the most undervalued stock in the sector on EV/EBITDA, P/E and dividend yield."As of 12:25PM shares of Galliford Try are trading down by 4.65% to 461,7p. AB