Berenberg Bank Lowers Henry Boot (LON:BOOT) Price Target to GBX 230

Key Points

• Berenberg Bank cut Henry Boot’s price target from GBX 326 to GBX 230 but kept a "buy" rating, with the new target implying roughly a 23.7% upside from the previous close.
• Shares were flat at GBX 186 on the day; the company has a market cap of £249.57m, last reported quarterly EPS of GBX 15.90, a P/E of 9.84, ROE of 5.16% and a 12‑month range of GBX 169–249.50, indicating modest valuation and mixed fundamentals.

Henry Boot (LON:BOOT - Get Free Report) had its price objective dropped by equities research analysts at Berenberg Bank from GBX 326 to GBX 230 in a research note issued on Thursday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 23.66% from the company's previous close.

Henry Boot Stock Performance

Shares of LON:BOOT remained flat at GBX 186 on Thursday. The stock had a trading volume of 73,533 shares, compared to its average volume of 85,421. The company has a debt-to-equity ratio of 27.55, a quick ratio of 0.84 and a current ratio of 4.85. The firm has a market capitalization of £249.57 million, a P/E ratio of 9.84, a PEG ratio of -11.97 and a beta of 0.32. Henry Boot has a twelve month low of GBX 169 and a twelve month high of GBX 249.50. The business has a 50-day moving average of GBX 189.66 and a 200 day moving average of GBX 210.42.

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

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.

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