Galliford Try Holdings plc (LON:GFRD – Get Free Report) insider Bill Hocking sold 250,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of GBX 672, for a total value 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 Down 1.6%
Shares of LON GFRD traded down GBX 11 on Thursday, reaching GBX 673. 10,606,354 shares of the company traded hands, compared to its average volume of 744,963. The stock has a market capitalization of £664.41 million, a PE ratio of 16.87, a P/E/G ratio of 0.90 and a beta of 0.47. 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 current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 35.36. The company has a 50 day moving average of GBX 640.11 and a 200 day moving average of GBX 572.87.
Galliford Try declared that its Board of Directors has approved a stock repurchase program on Thursday, September 17th that authorizes the company to repurchase 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank increased their price target on shares of Galliford Try from GBX 680 to GBX 750 and gave the stock 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, Galliford Try has a consensus rating of “Buy” and a consensus price target of GBX 650.
View Our Latest Stock Report on Galliford Try
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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