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

Henry Boot PLC (LON:BOOT)’s share price passed 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 changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 226 target price on shares of Henry Boot in a research report on Monday, June 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 219 target price on shares of Henry Boot in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 222.50.

Henry Boot Stock Performance

The company has a quick ratio of 0.83, a current ratio of 4.85 and a debt-to-equity ratio of 27.55. The firm has a market capitalization of £208.15 million, a price-to-earnings ratio of 9.06, a P/E/G ratio of -11.97 and a beta of 0.22. The business has a 50-day moving average price of GBX 159.61 and a 200-day moving average price of GBX 171.67.

Insider Transactions at Henry Boot

In other news, insider Earl Sibley acquired 10,000 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was bought at an average cost of GBX 154 per share, for a total transaction of £15,400. Corporate insiders own 6.40% of the company’s stock.

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.