Insider Selling: Galliford Try (LON:GFRD) Insider Sells £152,429.24 in Stock

Galliford Try Holdings plc (LON:GFRD) insider Bill Hocking sold 21,838 shares of Galliford Try stock in a transaction that occurred 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%

Shares of GFRD opened at GBX 684 on Monday. The business’s 50 day simple moving average is GBX 635.24 and its 200-day simple moving average is GBX 569.21. 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 stock has a market capitalization of £675.27 million, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 0.90 and a beta of 0.47. Galliford Try Holdings plc has a 1 year low of GBX 466 and a 1 year high of GBX 726.81.

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 earnings per share for the current fiscal year.

Galliford Try declared that its Board of Directors has approved a share buyback program on Thursday, September 17th that authorizes the company to buy back 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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