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

Henry Boot (LON:BOOT) had its target price lowered by analysts at Berenberg Bank from GBX 219 to GBX 186 in a report issued on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 32.86% from the stock’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 226 price objective on shares of Henry Boot in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Henry Boot currently has a consensus rating of “Buy” and a consensus price target of GBX 206.

Henry Boot Trading Down 1.8%

Henry Boot stock opened at GBX 140 on Tuesday. The stock has a 50-day moving average price of GBX 151.66 and a 200 day moving average price of GBX 164.28. Henry Boot has a 52 week low of GBX 133.50 and a 52 week high of GBX 230. The stock has a market cap of £188.00 million, a PE ratio of 8.19, a P/E/G ratio of -11.97 and a beta of 0.22. The company has a current ratio of 6.72, a quick ratio of 0.83 and a debt-to-equity ratio of 37.77.

Henry Boot (LON:BOOT) last released its earnings results on Wednesday, September 23rd. The company reported GBX (2.20) earnings per share (EPS) for the quarter. Henry Boot had a net margin of 5.93% and a return on equity of 2.93%. Equities research analysts predict that Henry Boot will post 18.2106097 earnings per share for the current fiscal year.

Insider Activity at Henry Boot

In other Henry Boot news, insider Earl Sibley bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average cost of GBX 154 per share, for a total transaction of £15,400. 6.41% of the stock is currently owned by corporate insiders.

Henry Boot News Roundup

Here are the key news stories impacting Henry Boot this week:

• Positive Sentiment: Berenberg retained its Buy rating, indicating it still sees potential upside despite reducing its price target from GBX 219 to GBX 186. Berenberg Cuts Henry Boot’s PT, Keeps at Buy
• Positive Sentiment: New chief executive Edward Hutchinson is preparing a “refreshed strategy,” which could improve capital allocation and operating performance if market conditions recover. Henry Boot refreshed strategy
• Neutral Sentiment: Henry Boot reported quarterly EPS of negative GBX 2.20, alongside an 8.55% net margin and 5.16% return on equity. The figures provide limited reassurance given the broader half-year loss, but investors will look to management’s conference call and strategy update for signs of stabilization. Henry Boot quarterly earnings
• Negative Sentiment: The company posted a £6.3 million first-half pre-tax loss, compared with the stronger profitability investors expect from the property and land-development group. Revenue fell to £80.7 million, reflecting weaker activity. Henry Boot H1 loss and revenue decline
• Negative Sentiment: Management cited softer demand for land, while the interim loss prompted a dividend cut. Both developments weigh on near-term income appeal and signal continued weakness in the property market. Henry Boot dividend cut
• Negative Sentiment: Berenberg’s lower price target reinforces concerns about reduced earnings prospects, even though the broker remains constructive on the longer-term valuation. Berenberg lowers Henry Boot price target

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.