Henry Boot (LON:BOOT) Stock Price Down 7.2% – Time to Sell?

Henry Boot PLC (LON:BOOT)’s stock price was 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 daily volume of 85,045 shares. The stock had previously closed at GBX 166.

Analyst Ratings Changes

A number of research firms recently issued reports on BOOT. Berenberg Bank reiterated a “buy” rating and issued a GBX 219 target price on shares of Henry Boot in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and set 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, the company currently has a consensus rating of “Buy” and an average price target of GBX 222.50.

Henry Boot Stock Performance

The stock has a 50 day simple moving average of GBX 163.47 and a two-hundred day simple moving average of GBX 181.77. The company has a market cap of £206.81 million, a PE ratio of 9.01, a PEG ratio of -11.97 and a beta of 0.23. The company has a debt-to-equity ratio of 27.55, a current ratio of 4.85 and a quick ratio of 0.83.

Insider Transactions at Henry Boot

In related news, insider Timothy Andrew Roberts purchased 16,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average price of GBX 173 per share, for a total transaction of £27,680. Also, insider Darren Littlewood purchased 10,032 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of GBX 174 per share, with a total value of £17,455.68. 6.40% of the stock is currently owned by corporate 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.