Insider Selling: Galliford Try (LON:GFRD) Insider Sells £1,680,000 in Stock

Galliford Try Holdings plc (LON:GFRD) insider Bill Hocking sold 250,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of GBX 672, for a total transaction of £1,680,000.

Bill Hocking also recently made the following trade(s):

• On Tuesday, September 29th, Bill Hocking sold 21,838 shares of Galliford Try stock. The shares were sold at an average price of GBX 698, for a total value of £152,429.24.

Galliford Try Trading Up 1.2%

LON:GFRD opened at GBX 680 on Friday. The business has a 50 day simple moving average of GBX 642.37 and a 200 day simple moving average of GBX 574.89. The firm has a market capitalization of £671.32 million, a P/E ratio of 17.04, a P/E/G ratio of 0.90 and a beta of 0.47. 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 Holdings plc has a 12-month low of GBX 466 and a 12-month high of GBX 726.81.

Galliford Try (LON:GFRD) last released its 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%. Equities research analysts predict that Galliford Try Holdings plc will post 25.16 EPS for the current year.

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

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on shares of Galliford Try from GBX 680 to GBX 750 and gave the stock 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.com, Galliford Try has a consensus rating of “Buy” and a consensus 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.