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

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

LON GFRD traded up GBX 2 during trading on Friday, hitting GBX 684. The stock had a trading volume of 79,142 shares, compared to its average volume of 703,179. The company has a debt-to-equity ratio of 35.36, a quick ratio of 0.89 and a current ratio of 0.94. Galliford Try Holdings plc has a 12 month low of GBX 466 and a 12 month high of GBX 726.81. The company has a market capitalization of £675.27 million, a PE ratio of 17.14, a P/E/G ratio of 0.90 and a beta of 0.47. The company’s 50-day moving average price is GBX 633.48 and its two-hundred day moving average price is GBX 567.91.

Galliford Try (LON:GFRD) last announced its quarterly earnings results on Thursday, September 17th. The company reported GBX 41.70 EPS for the quarter. Galliford Try had a net margin of 2.13% and a return on equity of 32.45%. As a group, sell-side analysts forecast that Galliford Try Holdings plc will post 25.1560178 EPS for the current year.

Galliford Try announced that its board has authorized a stock buyback program on Thursday, September 17th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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 report on Thursday, September 17th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Galliford Try presently 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.