Henry Boot (LON:BOOT) Shares Cross Below 50-Day Moving Average – Should You Sell?

Henry Boot PLC (LON:BOOT) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 157.54 and traded as low as GBX 149.02. Henry Boot shares last traded at GBX 150, with a volume of 53,833 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group restated 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 reiterated a “buy” rating and set a GBX 219 price target on shares of Henry Boot in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 222.50.

Henry Boot Price Performance

The company has a market capitalization of £201.43 million, a price-to-earnings ratio of 8.77, a PEG ratio of -11.97 and a beta of 0.22. The company has a current ratio of 4.85, a quick ratio of 0.83 and a debt-to-equity ratio of 27.55. The company’s 50 day simple moving average is GBX 157.26 and its 200-day simple moving average is GBX 168.94.

Insider Activity at Henry Boot

In other Henry Boot news, insider Earl Sibley bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average cost of GBX 154 per share, for a total transaction 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.