Galliford Try (LON:GFRD) Stock: Insider Bill Hocking Sells 21,838 Shares

Key Points

• Insider sale: Bill Hocking sold 21,838 Galliford Try shares at an average of GBX 698, generating approximately £152,429.
• Stock performance: GFRD traded up 0.3% to GBX 684, with a market capitalization of about £675.27 million and a 52-week range of GBX 466 to GBX 726.81.
• Analyst outlook: Berenberg raised its price target from GBX 680 to GBX 750 and maintained a “Buy” rating; the stock has an overall average “Buy” rating from two analysts.

Galliford Try Holdings plc (LON:GFRD - Get Free Report) insider Bill Hocking sold 21,838 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of GBX 698, for a total value of £152,429.24.

Galliford Try Trading Up 0.3%

GFRD traded up GBX 2 during midday trading on Friday, hitting GBX 684. The company's stock had a trading volume of 79,142 shares, compared to its average volume of 703,179. The firm has a market cap of £675.27 million, a P/E ratio of 17.14, a PEG ratio of 0.90 and a beta of 0.47. The firm has a 50-day moving average price of GBX 633.48 and a two-hundred day moving average price of GBX 567.91. Galliford Try Holdings plc has a 52-week low of GBX 466 and a 52-week high of GBX 726.81. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 35.36.

Galliford Try (LON:GFRD - Get Free Report) last announced its earnings results on Thursday, September 17th. The company reported GBX 41.70 EPS for the quarter. Galliford Try had a return on equity of 32.45% and a net margin of 2.13%. On average, research analysts anticipate that Galliford Try Holdings plc will post 25.1560178 earnings per share for the current year.

Galliford Try declared that its Board of Directors has authorized a stock buyback plan on Thursday, September 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on Galliford Try from GBX 680 to GBX 750 and gave the company a "buy" rating in a research report on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 650.

About Galliford Try

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.

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