Henry Boot (LON:BOOT) Stock Jumps 3% – Here’s What Happened

Henry Boot PLC (LON:BOOT)’s stock price was up 3% during trading on Wednesday. The stock traded as high as GBX 154.50 and last traded at GBX 154.50. 11,003 shares traded hands during trading, a decline of 89% from the average session volume of 97,493 shares. The stock had previously closed at GBX 150.

Analyst Upgrades and Downgrades

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

Henry Boot Price Performance

The firm’s 50-day moving average is GBX 147.30 and its 200-day moving average is GBX 166.80. The company has a market capitalization of £201.90 million, a PE ratio of 14.56, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22. The company has a quick ratio of 0.83, a current ratio of 6.72 and a debt-to-equity ratio of 37.77.

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

Henry Boot Company Profile

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.