Berenberg Bank Lowers Henry Boot (LON:BOOT) Price Target to GBX 219

Henry Boot (LON:BOOT) had its target price reduced by Berenberg Bank from GBX 230 to GBX 219 in a report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 36.49% from the company’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 226 price objective on shares of Henry Boot in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 222.50.

Henry Boot Stock Performance

BOOT opened at GBX 160.45 on Thursday. Henry Boot has a 52-week low of GBX 155 and a 52-week high of GBX 249.50. The company has a quick ratio of 0.84, a current ratio of 4.85 and a debt-to-equity ratio of 27.55. The company has a market cap of £215.36 million, a P/E ratio of 9.38, a price-to-earnings-growth ratio of -11.97 and a beta of 0.24. The firm’s 50-day moving average price is GBX 176.29 and its 200-day moving average price is GBX 200.10.

Henry Boot (LON:BOOT) last posted its quarterly earnings data on Tuesday, March 24th. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Henry Boot had a net margin of 8.55% and a return on equity of 5.16%. As a group, equities analysts anticipate that Henry Boot will post 18.2106097 EPS for the current fiscal year.

Insider Buying and Selling

In other Henry Boot news, insider Timothy Andrew Roberts bought 16,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of GBX 173 per share, for a total transaction of £27,680. Also, insider Darren Littlewood bought 10,032 shares of the firm’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. 6.36% of the stock is owned by company insiders.

Henry Boot Company Profile

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.