Henry Boot (LON:BOOT) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Henry Boot PLC (LON:BOOT) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 159.89 and traded as low as GBX 154.50. Henry Boot shares last traded at GBX 154.50, with a volume of 61,514 shares.

Analysts Set New Price Targets

A number of research firms recently commented on BOOT. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 226 price objective on shares of Henry Boot in a research note on Monday, June 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 219 target price on shares of Henry Boot in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 222.50.

Henry Boot Stock Performance

The stock’s 50-day moving average is GBX 159.89 and its 200-day moving average is GBX 171.79. The stock has a market cap of £208.15 million, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22. 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 Buying and Selling at Henry Boot

In other Henry Boot news, insider Earl Sibley purchased 10,000 shares of Henry Boot stock in a transaction on Thursday, July 23rd. The shares were bought at an average price of GBX 154 per share, with a total value of £15,400. 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.