Henry Boot (LON:BOOT) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Henry Boot PLC (LON:BOOT)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 176.29 and traded as low as GBX 158.50. Henry Boot shares last traded at GBX 158.50, with a volume of 138,955 shares trading hands.

Analyst Upgrades and Downgrades

BOOT has been the subject of a number of recent analyst reports. Berenberg Bank reduced their price objective on Henry Boot from GBX 326 to GBX 230 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group restated a “buy” rating and issued a GBX 226 price objective on shares of Henry Boot in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 228.

Henry Boot Price Performance

The stock has a market cap of £212.07 million, a P/E ratio of 9.24, a P/E/G ratio of -11.97 and a beta of 0.24. The company has a debt-to-equity ratio of 27.55, a quick ratio of 0.84 and a current ratio of 4.85. The business has a 50 day simple moving average of GBX 176.29 and a 200-day simple moving average of GBX 200.10.

Henry Boot (LON:BOOT) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Henry Boot had a return on equity of 5.16% and a net margin of 8.55%. On average, sell-side analysts forecast that Henry Boot PLC will post 18.2106097 EPS for the current year.

Insider Buying and Selling at Henry Boot

In other news, insider Timothy Andrew Roberts purchased 16,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was 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 business’s stock in a transaction dated Tuesday, April 28th. The shares were purchased at an average price of GBX 174 per share, with a total value of £17,455.68. 6.36% of the stock is currently owned by corporate insiders.

Henry Boot Company Profile

Henry Boot is one of the UK’s leading land, property development, home building and construction businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential.