Henry Boot (LON:BOOT) Given New GBX 231 Price Target at Jefferies Financial Group

Key Points

• Jefferies cut its price target on Henry Boot to GBX 231 (from GBX 266) but maintained a "buy" rating, implying roughly a 24.2% upside from the current share price.
• Berenberg also lowered its target to GBX 230, leaving the stock with a consensus "Buy" rating and a consensus target of about GBX 230.50.
• Shares were trading flat at GBX 186; the company has a market cap of £249.57m, a P/E of 9.84, and a one‑year trading range of GBX 169–249.50.

Henry Boot (LON:BOOT - Get Free Report) had its price target lowered by stock analysts at Jefferies Financial Group from GBX 266 to GBX 231 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 24.19% from the company's current price.

Separately, Berenberg Bank lowered their price objective on shares of Henry Boot from GBX 326 to GBX 230 and set a "buy" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of GBX 230.50.

Henry Boot Stock Performance

Henry Boot stock remained flat at GBX 186 on Thursday. The company's stock had a trading volume of 73,533 shares, compared to its average volume of 85,421. The company's fifty day moving average is GBX 189.66 and its two-hundred day moving average is GBX 210.42. 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 stock has a market capitalization of £249.57 million, a P/E ratio of 9.84, a price-to-earnings-growth ratio of -11.97 and a beta of 0.32. Henry Boot has a one year low of GBX 169 and a one year high of GBX 249.50.

Henry Boot (LON:BOOT - Get Free Report) last announced its earnings results on Tuesday, March 24th. The company reported GBX 15.90 earnings per share 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 forecast that Henry Boot will post 18.2106097 earnings per share for the current year.

Henry Boot Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.