Key Points
- Insider Bill Hocking sold 21,838 Galliford Try shares at an average price of GBX 698, generating approximately £152,429.
- Galliford Try shares opened at GBX 684 and were up 0.3%, with the stock trading between a one-year low of GBX 466 and high of GBX 726.81.
- Berenberg raised its price target from GBX 680 to GBX 750 and maintained a “Buy” rating; analysts collectively rate the stock “Buy,” with an average target of GBX 650.
Galliford Try Holdings plc (LON:GFRD - Get Free Report) insider Bill Hocking sold 21,838 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of GBX 698, for a total value of £152,429.24.
Galliford Try Stock Up 0.3%
Galliford Try stock opened at GBX 684 on Friday. The stock has a market cap of £675.27 million, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The company has a debt-to-equity ratio of 35.36, a quick ratio of 0.89 and a current ratio of 0.94. Galliford Try Holdings plc has a one year low of GBX 466 and a one year high of GBX 726.81. The stock has a fifty day moving average of GBX 635.24 and a 200 day moving average of GBX 568.72.
Galliford Try (LON:GFRD - Get Free Report) last announced its earnings results on Thursday, September 17th. The company reported GBX 41.70 earnings per share (EPS) for the quarter. Galliford Try had a return on equity of 32.45% and a net margin of 2.13%. As a group, sell-side analysts predict that Galliford Try Holdings plc will post 25.16 EPS for the current year.
Galliford Try declared that its Board of Directors has authorized a stock buyback program on Thursday, September 17th that allows the company to buy back 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
Separately, Berenberg Bank boosted their target price on shares of Galliford Try from GBX 680 to GBX 750 and gave the company a "buy" rating in a research report on Thursday, September 17th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 650.
Check Out Our Latest Stock Report on Galliford Try
Galliford Try Company Profile
(
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. We see long-term growth and appropriate margins in these markets.
Our company is founded on our values of excellence, passion, integrity and collaboration, and our vision is to be a people-orientated, progressive business, driven by our values to deliver lasting change for our stakeholders and the communities we work in.
Further Reading
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