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Henry Boot ( (GB:BOOT) ) has shared an update.
Henry Boot’s land promotion arm Hallam Land has completed the sale of a freehold site in Swindon with planning permission for 366 homes to national housebuilder Vistry, delivering an ungeared IRR of 9.2% and helping the business surpass its 2025 annual sales target with a record 3,957 residential plot disposals. The transaction is the second phase of a larger South Marston strategic scheme where Hallam Land and partners have secured outline consent for 2,380 homes and significant community infrastructure, and, with 304 plots still retained for future sale, the deal underscores strong housebuilder demand for consented land and positions Henry Boot to benefit from UK planning reforms aimed at accelerating housing delivery.
The most recent analyst rating on (GB:BOOT) stock is a Hold with a £235.00 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 is driven by its solid financial foundation and attractive valuation. The company’s strategic corporate events further bolster its growth prospects. However, technical analysis indicates weak momentum, and challenges in revenue and profit growth present potential risks. The absence of earnings call data limits insights into management’s outlook.
To see Spark’s full report on GB:BOOT stock, click here.
More about Henry Boot
Henry Boot is one of the UK’s leading land, property development and homebuilding groups, operating through businesses including Hallam Land, HBD, Stonebridge Homes, Banner Plant and Road Link. Listed on the London Stock Exchange since 1919 and employing over 400 people, it focuses on residential, industrial and logistics, and urban development markets, with Hallam Land managing one of the country’s largest strategic land portfolios and HBD overseeing a £1.3bn development pipeline across the UK.
Average Trading Volume: 57,806
Technical Sentiment Signal: Hold
Current Market Cap: £289.1M
For an in-depth examination of BOOT stock, go to TipRanks’ Overview page.