Henry Boot (LON:BOOT) Stock Jumps 0.7% – Here’s What Happened

Shares of Henry Boot PLC (LON:BOOT) traded up 0.7% on Wednesday. The stock traded as high as GBX 151 and last traded at GBX 150. 47,119 shares were traded during trading, a decline of 51% from the average session volume of 95,356 shares. The stock had previously closed at GBX 149.

Wall Street Analysts Forecast Growth

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

Henry Boot Stock Up 2.0%

The firm’s 50 day simple moving average is GBX 148.74 and its 200-day simple moving average is GBX 160.67. The company has a current ratio of 6.72, a quick ratio of 0.83 and a debt-to-equity ratio of 37.77. The stock has a market capitalization of £201.90 million, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22.

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

Insider Transactions at Henry Boot

In other news, insider Earl Sibley acquired 10,000 shares of the stock in a transaction dated Thursday, July 23rd. The shares were bought at an average cost of GBX 154 per share, for a total transaction of £15,400. Company insiders own 6.40% of the company’s stock.

About Henry Boot

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.