Henry Boot (LON:BOOT) Shares Up 3% – Should You Buy?

Henry Boot PLC (LON:BOOT) shares shot up 3% during trading on Wednesday. The company traded as high as GBX 154.50 and last traded at GBX 154.50. 11,003 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 97,493 shares. The stock had previously closed at GBX 150.

Analysts Set New Price Targets

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

Henry Boot Stock Up 3.0%

The company has a debt-to-equity ratio of 37.77, a current ratio of 6.72 and a quick ratio of 0.83. The stock has a 50 day simple moving average of GBX 147.44 and a 200-day simple moving average of GBX 167.53. The firm has a market cap of £207.95 million, a PE ratio of 15.00, a PEG ratio of -11.97 and a beta of 0.22.

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

Henry Boot Company Profile

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.