Galliford Try (LON:GFRD) Reaches New 52-Week High – Should You Buy?
by Tristan Rich · The Markets DailyGalliford Try Holdings plc (LON:GFRD – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 728 and last traded at GBX 721, with a volume of 280,843 shares changing hands. The stock had previously closed at GBX 723.
Analyst Ratings Changes
Separately, Berenberg Bank raised their target price on shares of Galliford Try from GBX 680 to GBX 750 and gave the company a “buy” rating in a research report on Thursday, September 17th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Galliford Try presently has an average rating of “Buy” and an average target price of GBX 650.
Read Our Latest Analysis on GFRD
Galliford Try Trading Down 0.6%
The company has a market cap of £709.82 million, a price-to-earnings ratio of 18.02, a P/E/G ratio of 0.90 and a beta of 0.47. 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 firm’s 50-day moving average price is GBX 658.69 and its 200 day moving average price is GBX 572.46.
Galliford Try (LON:GFRD – Get Free Report) last issued its earnings results on Thursday, September 17th. The company reported GBX 41.70 earnings per share (EPS) for the quarter. Galliford Try had a return on equity of 32.45% and a net margin of 2.13%. As a group, equities analysts expect that Galliford Try Holdings plc will post 25.16 EPS for the current year.
Galliford Try announced that its board has initiated a share buyback program on Thursday, September 17th that permits the company to repurchase shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
Insider Activity at Galliford Try
In related news, insider Bill Hocking sold 250,000 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of GBX 672, for a total transaction of £1,680,000. Also, insider Kris Hampson sold 5,117 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of GBX 534, for a total transaction of £27,324.78. In the last three months, insiders sold 276,955 shares of company stock worth $185,975,402. Insiders own 3.28% of the company’s stock.
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.