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An update from Henry Boot ( (GB:BOOT) ) is now available.
Henry Boot’s land promotion and planning division, Hallam Land, has successfully sold a 23-acre site with planning permission for 112 residential units in Yalding, Kent, to Fernham Homes. This transaction, which achieved a 37% internal rate of return, marks significant progress towards Hallam Land’s annual sales target and will positively impact the group’s 2025 financial performance. The development includes 40% affordable housing and aims to deliver environmental and social benefits, addressing the housing supply shortage in the area. The sale highlights strong demand for strategically located land and reinforces Henry Boot’s momentum in securing planning permissions and delivering housing solutions.
The most recent analyst rating on (GB:BOOT) stock is a Buy with a £2.62 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 Outperform.
Henry Boot’s overall stock score is bolstered by a strong balance sheet and positive corporate events, which demonstrate effective strategic execution. While financial performance shows some revenue and cash flow challenges, the company’s valuation and technical indicators provide a stable outlook.
To see Spark’s full report on GB:BOOT stock, click here.
More about Henry Boot
Henry Boot is a leading 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 operates across urban development, industrial and logistics, and residential markets. It comprises several divisions, including Hallam Land, HBD, Stonebridge Homes, Henry Boot Construction, Banner Plant, and Road Link, employing over 500 people. Henry Boot is committed to sustainability, aiming for Net Zero Carbon by 2030.
Average Trading Volume: 89,174
Technical Sentiment Signal: Buy
Current Market Cap: £298.3M
See more insights into BOOT stock on TipRanks’ Stock Analysis page.