Galliford Try (LON:GFRD) Reaches New 1-Year High – Here’s Why

Shares of Galliford Try Holdings plc (LON:GFRD) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 728 and last traded at GBX 721, with a volume of 280,843 shares. The stock had previously closed at GBX 723.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on Galliford Try from GBX 680 to GBX 750 and gave the company a “buy” rating in a report on Thursday, September 17th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Galliford Try currently has a consensus rating of “Buy” and a consensus target price of GBX 650.

Galliford Try Price Performance

The firm has a market cap of £676.25 million, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. The stock’s fifty day moving average price is GBX 662.46 and its 200-day moving average price is GBX 574.33. The company has a debt-to-equity ratio of 35.36, a current ratio of 0.94 and a quick ratio of 0.89.

Galliford Try (LON:GFRD) last posted its quarterly earnings results on Thursday, September 17th. The company reported GBX 41.70 earnings per share for the quarter. Galliford Try had a net margin of 2.13% and a return on equity of 32.45%. As a group, equities analysts expect that Galliford Try Holdings plc will post 25.16 EPS for the current fiscal year.

Galliford Try declared that its Board of Directors has authorized a stock buyback program on Thursday, September 17th that authorizes the company to buy back shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Kris Hampson sold 5,117 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of GBX 534, for a total value of £27,324.78. Also, insider Bill Hocking sold 250,000 shares of Galliford Try stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of GBX 672, for a total value of £1,680,000. Insiders sold 276,955 shares of company stock valued at $185,975,402 over the last 90 days. Company insiders own 3.28% of the company’s stock.

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.