Henry Boot (LON:BOOT) Stock Price Up 0.9% – Here’s What Happened

Henry Boot PLC (LON:BOOT)’s share price rose 0.9% during trading on Wednesday . The company traded as high as GBX 225 and last traded at GBX 225. Approximately 116,347 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 66,872 shares. The stock had previously closed at GBX 223.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their target price on shares of Henry Boot from GBX 262 to GBX 264 and gave the company a “buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 264.

Henry Boot Trading Up 0.9%

The firm has a 50-day moving average of GBX 223.15 and a 200 day moving average of GBX 223.56. The company has a market cap of £300.99 million, a P/E ratio of 11.90, a price-to-earnings-growth ratio of -11.97 and a beta of 0.80. The company has a current ratio of 2.14, a quick ratio of 0.84 and a debt-to-equity ratio of 29.17.

Insider Activity

In other news, insider Jonathan James Sykes sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of GBX 221, for a total transaction of £331,500. Insiders own 6.38% 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.