Galliford Try (LON:GFRD) Stock: Insider Kris Hampson Sells 5,117 Shares

Key Points

• Insider sale: Kris Hampson sold 5,117 Galliford Try shares at GBX 534 each, worth approximately £27,325.
• Stock performance: Shares fell 0.6% to GBX 702, while trading near the upper end of their 52-week range of GBX 466 to GBX 726.81.
• Analyst outlook: Galliford Try retains a consensus “Buy” rating, and Berenberg raised its price target from GBX 680 to GBX 750.

Galliford Try Holdings plc (LON:GFRD - Get Free Report) insider Kris Hampson sold 5,117 shares of Galliford Try stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of GBX 534, for a total value of £27,324.78.

Galliford Try Stock Down 0.6%

Galliford Try stock traded down GBX 4 during trading hours on Thursday, hitting GBX 702. The company had a trading volume of 702,475 shares, compared to its average volume of 717,469. Galliford Try Holdings plc has a fifty-two week low of GBX 466 and a fifty-two week high of GBX 726.81. The company has a debt-to-equity ratio of 35.36, a current ratio of 0.94 and a quick ratio of 0.89. The firm has a market capitalization of £693.70 million, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The firm's fifty day moving average is GBX 623.84 and its 200-day moving average is GBX 560.42.

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

Galliford Try announced that its Board of Directors has initiated a stock buyback plan on Thursday, September 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price objective on shares of Galliford Try from GBX 680 to GBX 750 and gave the company 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 MarketBeat.com, Galliford Try currently has an average rating of "Buy" and a consensus price target of GBX 650.

Galliford Try Company Profile

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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