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

Henry Boot PLC (LON:BOOTGet Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 162.31 and traded as low as GBX 147. Henry Boot shares last traded at GBX 150.50, with a volume of 184,734 shares trading hands.

Analyst Ratings Changes

BOOT has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 226 price target on shares of Henry Boot in a research note on Monday, June 8th. Berenberg Bank restated a “buy” rating and issued a GBX 219 price objective on shares of Henry Boot in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Henry Boot currently has a consensus rating of “Buy” and a consensus target price of GBX 222.50.

Check Out Our Latest Report on BOOT

Henry Boot Stock Up 0.7%

The business’s 50 day simple moving average is GBX 162.31 and its 200 day simple moving average is GBX 177.39. 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 firm has a market capitalization of £203.58 million, a PE ratio of 8.87, a PEG ratio of -11.97 and a beta of 0.23.

Insider Activity at Henry Boot

In related news, insider Earl Sibley purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was bought at an average price of GBX 154 per share, for a total transaction of £15,400. Insiders own 6.40% of the company’s stock.

About Henry Boot

(Get Free Report)

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.

Further Reading

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