Henry Boot (LON:BOOT) Shares Climb 0.7% – Here’s Why

Henry Boot PLC (LON:BOOT – Get Free Report)’s stock price shot up 0.7% during mid-day trading on Wednesday. The company traded as high as GBX 151 and last traded at GBX 150. 47,119 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 95,356 shares. The stock had previously closed at GBX 149.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their target price on shares of Henry Boot from GBX 219 to GBX 186 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 206.

Get Our Latest Stock Report on Henry Boot

Henry Boot Trading Up 0.7%

The company has a debt-to-equity ratio of 37.77, a quick ratio of 0.83 and a current ratio of 6.72. The company has a 50-day simple moving average of GBX 148.84 and a 200 day simple moving average of GBX 160.88. The company has a market capitalization of £201.90 million, a P/E ratio of 14.56, a P/E/G ratio of -11.97 and a beta of 0.22.

Henry Boot (LON:BOOT – Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (2.20) EPS for the quarter. Henry Boot had a return on equity of 2.93% and a net margin of 5.93%. Sell-side analysts expect that Henry Boot PLC will post 18.21 earnings per share for the current year.

Insider Transactions at Henry Boot

In related news, insider Earl Sibley bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were acquired at an average price of GBX 154 per share, with a total value of £15,400. Company insiders own 6.40% of the company’s stock.

About Henry Boot

(Get Free Report)

Henry Boot is one of the UK’s leading land, property development and home building businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange for nearly 100 years, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises Hallam Land, HBD, Stonebridge Homes and Banner Plant.

Operating across the UK, and employing over 400 people, we focus on three key markets: residential, industrial and logistics, and urban development.

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