Henry Boot (LON:BOOT) Sets New 12-Month Low – Time to Sell?

Henry Boot PLC (LON:BOOT)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 161 and last traded at GBX 161, with a volume of 10247 shares changing hands. The stock had previously closed at GBX 164.50.

Analysts Set New Price Targets

BOOT has been the topic of a number of recent analyst reports. Berenberg Bank cut their target price on Henry Boot from GBX 326 to GBX 230 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 226 price target on shares of Henry Boot in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 228.

Henry Boot Stock Down 2.1%

The business’s 50 day simple moving average is GBX 179.52 and its 200-day simple moving average is GBX 202.86. The company has a debt-to-equity ratio of 27.55, a quick ratio of 0.84 and a current ratio of 4.85. The company has a market cap of £216.09 million, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of -11.97 and a beta of 0.24.

Henry Boot (LON:BOOT) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 15.90 earnings per share for the quarter. Henry Boot had a return on equity of 5.16% and a net margin of 8.55%. Sell-side analysts expect that Henry Boot PLC will post 18.2106097 earnings per share for the current year.

Insider Activity at Henry Boot

In other Henry Boot news, insider Timothy Andrew Roberts bought 16,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average cost of GBX 173 per share, with a total value of £27,680. Also, insider Darren Littlewood purchased 10,032 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average price of GBX 174 per share, for a total transaction of £17,455.68. Insiders own 6.36% of the company’s stock.

About Henry Boot

Henry Boot is one of the UK’s leading land, property development, home building and construction businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential.