Henry Boot (LON:BOOT) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Henry Boot PLC (LON:BOOT)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 206.08 and traded as low as GBX 180. Henry Boot shares last traded at GBX 185, with a volume of 28,032 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on shares of Henry Boot from GBX 337 to GBX 326 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 295.

Henry Boot Stock Down 3.0%

The company has a current ratio of 2.29, a quick ratio of 0.84 and a debt-to-equity ratio of 23.83. The firm has a market capitalization of £240.77 million, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of -11.97 and a beta of 0.34. The firm has a 50 day moving average price of GBX 206.08 and a two-hundred day moving average price of GBX 216.36.

About Henry Boot

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.