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Henry Boot ( (GB:BOOT) ) has shared an update.
Henry Boot’s land promotion and planning division, Hallam Land, has successfully sold a 237-acre site with planning permission for 1,270 residential units to Persimmon Homes. This sale marks significant progress towards Hallam Land’s 2025 sales target, reflecting the strong demand for well-located land with planning consent. The development includes affordable housing, community amenities, and environmental enhancements, highlighting Henry Boot’s expertise in managing large-scale projects and its positive impact on local housing needs and investor value.
The most recent analyst rating on (GB:BOOT) stock is a Hold with a £233.00 price target. To see the full list of analyst forecasts on Henry Boot stock, see the GB:BOOT Stock Forecast page.
Spark’s Take on GB:BOOT Stock
According to Spark, TipRanks’ AI Analyst, GB:BOOT is a Neutral.
Henry Boot’s overall stock score reflects a stable financial foundation with effective equity utilization and manageable leverage. The valuation is attractive, supported by a reasonable P/E ratio and a solid dividend yield. However, technical analysis indicates a lack of strong momentum, and challenges in revenue and profit growth present potential risks. Improvements in cash flow management are noted, but historical volatility requires cautious monitoring.
To see Spark’s full report on GB:BOOT stock, click here.
More about Henry Boot
Henry Boot is a prominent UK-based company specializing in land, property development, home building, and construction. Established in 1886 and listed on the London Stock Exchange since 1919, the company is known for its quality, expertise, and partnership approach. It operates across urban development, industrial and logistics, and residential markets, with subsidiaries like Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant, and Road Link. Henry Boot is committed to sustainability, aiming for Net Zero Carbon by 2030.
Average Trading Volume: 88,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: £301M
Learn more about BOOT stock on TipRanks’ Stock Analysis page.