Henry Boot (LON:BOOT) Trading Down 7.2% – Here’s What Happened

Shares of Henry Boot PLC (LON:BOOT) traded down 7.2% during trading on Wednesday . The stock traded as low as GBX 133.50 and last traded at GBX 154. Approximately 795,674 shares changed hands during mid-day trading, an increase of 836% from the average session volume of 85,045 shares. The stock had previously closed at GBX 166.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BOOT. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 219 target price on shares of Henry Boot in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 226 price target on shares of Henry Boot in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Henry Boot has an average rating of “Buy” and an average price target of GBX 222.50.

Henry Boot Stock Up 0.3%

The firm has a market cap of £205.46 million, a price-to-earnings ratio of 8.95, a PEG ratio of -11.97 and a beta of 0.23. The company has a quick ratio of 0.83, a current ratio of 4.85 and a debt-to-equity ratio of 27.55. The firm has a fifty day moving average price of GBX 163.25 and a 200-day moving average price of GBX 180.78.

Insider Activity

In other news, insider Earl Sibley purchased 10,000 shares of the stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of GBX 154 per share, with a total value of £15,400. Also, insider Timothy Andrew Roberts acquired 16,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average price of GBX 173 per share, for a total transaction of £27,680. Insiders purchased a total of 36,032 shares of company stock valued at $6,053,568 in the last 90 days. 6.40% of the stock is currently owned by insiders.

About Henry Boot

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.