Henry Boot (LON:BOOT) Stock Price Down 1.1% - What's Next?

Key Points

• Shares fell 1.1% to GBX 179 on Thursday (intraday low GBX 177) with volume ~43,994 shares, about 46% below the average daily volume.
• Analysts cut price targets—Jefferies to GBX 195 and Berenberg to GBX 230—yet the stock keeps a consensus "Buy" rating with an average target of GBX 212.50.
• Henry Boot trades at a P/E of 10.47 with a market cap of ~£240.3m; last quarter EPS was GBX 15.90 and sell-side estimates forecast roughly GBX 18.21 for the year.

Shares of Henry Boot PLC (LON:BOOT - Get Free Report) dropped 1.1% during trading on Thursday . The company traded as low as GBX 177 and last traded at GBX 179. Approximately 43,994 shares traded hands during trading, a decline of 46% from the average daily volume of 81,821 shares. The stock had previously closed at GBX 181.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BOOT. Jefferies Financial Group cut their target price on Henry Boot from GBX 266 to GBX 195 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Berenberg Bank dropped their target price on Henry Boot from GBX 326 to GBX 230 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 212.50.

Henry Boot Stock Down 1.1%

The company has a debt-to-equity ratio of 27.55, a current ratio of 4.85 and a quick ratio of 0.84. The firm's 50-day moving average price is GBX 184.93 and its 200 day moving average price is GBX 206.90. The firm has a market capitalization of £240.25 million, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of -11.97 and a beta of 0.31.

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%. Sell-side analysts expect that Henry Boot PLC will post 18.2106097 EPS 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.

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