Henry Boot (LON:BOOT) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Henry Boot PLC (LON:BOOT) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 160.87 and traded as low as GBX 154.77. Henry Boot shares last traded at GBX 156, with a volume of 193,744 shares.

Analyst Ratings Changes

Several research firms have weighed in on BOOT. Berenberg Bank restated a “buy” rating and issued a GBX 219 price target on shares of Henry Boot in a research note on Wednesday, July 22nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 226 price objective on shares of Henry Boot in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 222.50.

Henry Boot Stock Performance

The company has a market cap of £209.49 million, a PE ratio of 9.12, a P/E/G ratio of -11.97 and a beta of 0.22. The stock’s 50 day moving average is GBX 160.66 and its 200-day moving average is GBX 173.61. The company has a quick ratio of 0.83, a current ratio of 4.85 and a debt-to-equity ratio of 27.55.

Insider Transactions at Henry Boot

In related news, insider Earl Sibley acquired 10,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of GBX 154 per share, with a total value of £15,400. 6.40% of the stock is currently owned by company insiders.

Henry Boot Company Profile

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.