Berenberg Bank Issues Pessimistic Forecast for Henry Boot (LON:BOOT) Stock Price

Henry Boot (LON:BOOT) had its price objective reduced by Berenberg Bank from GBX 337 to GBX 326 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 46.85% from the company’s previous close.

Separately, Jefferies Financial Group increased their price target on Henry Boot from GBX 262 to GBX 264 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 295.

Henry Boot Price Performance

BOOT stock opened at GBX 222 on Tuesday. The company has a debt-to-equity ratio of 29.17, a current ratio of 2.14 and a quick ratio of 0.84. The company’s 50-day moving average is GBX 222.79 and its 200-day moving average is GBX 222.97. The stock has a market capitalization of £296.98 million, a PE ratio of 11.75, a price-to-earnings-growth ratio of -11.97 and a beta of 0.80. Henry Boot has a 1 year low of GBX 195 and a 1 year high of GBX 249.50.

Insider Buying and Selling at Henry Boot

In related news, insider Jonathan James Sykes sold 150,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of GBX 221, for a total transaction of £331,500. 6.38% of the stock is owned by corporate insiders.

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.