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

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

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

Henry Boot Stock Up 1.6%

LON:BOOT opened at GBX 160.45 on Thursday. Henry Boot has a 1-year low of GBX 155 and a 1-year high of GBX 249.50. The company has a 50-day moving average of GBX 176.29 and a 200 day moving average of GBX 200.10. The firm has a market cap of £215.36 million, a PE ratio of 9.38, a price-to-earnings-growth ratio of -11.97 and a beta of 0.24. The company has a debt-to-equity ratio of 27.55, a current ratio of 4.85 and a quick ratio of 0.84.

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

Insider Transactions at Henry Boot

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