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The latest update is out from Henry Boot ( (GB:BOOT) ).
Henry Boot’s subsidiary, Hallam Land, has exchanged contracts for the sale of approximately 600 residential plots in the Midlands, contributing to a total of around 2,800 plot disposals in 2024. Despite being slightly below the annual target, the company is on track to meet its financial goals, aided by improvements in the planning system following a change in government. Hallam Land has achieved significant planning consents and is poised to submit an additional 10,000 plots into the planning system over the next year, reinforcing Henry Boot’s strategic goals and strengthening its market position.
More about Henry Boot
Henry Boot is a prominent UK-based company specializing in land, property development, home building, and construction, with operations spanning across urban development, industrial, logistics, and residential markets. Established in 1886 and listed on the London Stock Exchange since 1919, the company is renowned for its expertise and quality in transforming land and spaces. It operates through various subsidiaries, including Hallam Land, HBD, Stonebridge, and Henry Boot Construction, focusing on delivering substantial development pipelines and maintaining a significant presence in the construction industry.
YTD Price Performance: 11.84%
Average Trading Volume: 92,140
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £299.4M
See more insights into BOOT stock on TipRanks’ Stock Analysis page.
