Key Points
- Kris Hampson sold 4,474 Galliford Try shares on November 5 at an average price of GBX 377, for a total of £16,866.98.
- The board launched a stock repurchase plan on September 17 to buy shares through open-market purchases, a move that typically signals the board believes the stock may be undervalued.
- Analysts are bullish — two analysts have Buy ratings (Peel Hunt PT GBX 550, Berenberg PT GBX 530) and the consensus target price is GBX 540.
Galliford Try Holdings plc (LON:GFRD - Get Free Report) insider Kris Hampson sold 4,474 shares of Galliford Try stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of GBX 377, for a total transaction of £16,866.98.
Galliford Try Stock Down 0.7%
Galliford Try stock opened at GBX 492 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 43.30. The firm has a market cap of £486.48 million, a P/E ratio of 15.28, a P/E/G ratio of 0.90 and a beta of 1.12. The business has a fifty day moving average of GBX 494.34 and a two-hundred day moving average of GBX 448.43. Galliford Try Holdings plc has a twelve month low of GBX 294 and a twelve month high of GBX 556.
Galliford Try (LON:GFRD - Get Free Report) last announced its quarterly earnings results on Wednesday, September 17th. The company reported GBX 34.40 earnings per share (EPS) for the quarter. Galliford Try had a return on equity of 32.22% and a net margin of 2.04%. On average, analysts forecast that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current fiscal year.
Galliford Try declared that its board has initiated a stock repurchase plan on Wednesday, September 17th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
GFRD has been the subject of several analyst reports. Peel Hunt reissued a "buy" rating and set a GBX 550 price target on shares of Galliford Try in a research report on Monday, October 20th. Berenberg Bank boosted their price objective on shares of Galliford Try from GBX 510 to GBX 530 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 540.
Check Out Our Latest Stock Analysis on GFRD
About Galliford Try
(
Get Free Report)
Galliford Try is one of the UK's leading construction groups, working to improve the UK's built environment, delivering positive, lasting change for the communities we work in on behalf of our clients.
Our business operates mainly under the Galliford Try and Morrison Construction brands, focusing on areas where we have core and proven strengths, namely in Building, Highways and Environment.
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