Key Points
- Insider Bill Hocking sold 250,000 Galliford Try shares at an average of GBX 672, generating proceeds of £1.68 million. He also sold 21,838 shares in late September for approximately £152,429.
- Galliford Try shares opened at GBX 673, with a market capitalization of about £664.4 million and a 12-month trading range of GBX 466 to GBX 726.81.
- Analyst sentiment remains positive: Berenberg raised its price target from GBX 680 to GBX 750 and reiterated a “Buy” rating, while the stock has a consensus “Buy” rating.
Galliford Try Holdings plc (LON:GFRD - Get Free Report) insider Bill Hocking sold 250,000 shares of the company's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of GBX 672, for a total value of £1,680,000.
Bill Hocking also recently made the following trade(s):
- On Tuesday, September 29th, Bill Hocking sold 21,838 shares of Galliford Try stock. The shares were sold at an average price of GBX 698, for a total value of £152,429.24.
Galliford Try Stock Performance
Shares of GFRD opened at GBX 673 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 35.36. The firm has a market cap of £664.41 million, a PE ratio of 16.87, a P/E/G ratio of 0.90 and a beta of 0.47. Galliford Try Holdings plc has a 12 month low of GBX 466 and a 12 month high of GBX 726.81. The stock has a fifty day moving average price of GBX 641.16 and a 200-day moving average price of GBX 574.15.
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 for the quarter. Galliford Try had a return on equity of 32.45% and a net margin of 2.13%. Equities research analysts predict that Galliford Try Holdings plc will post 25.16 earnings per share for the current fiscal year.
Galliford Try announced that its board has approved a share repurchase plan on Thursday, September 17th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
Separately, Berenberg Bank boosted their price target on Galliford Try from GBX 680 to GBX 750 and gave the stock a "buy" rating in a research note on Thursday, September 17th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 650.
Get Our Latest Stock Analysis on Galliford Try
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. 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
