Henry Boot (LON:BOOT) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Henry Boot PLC (LON:BOOT)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 160.87 and traded as low as GBX 154.77. Henry Boot shares last traded at GBX 156, with a volume of 193,744 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on BOOT. Jefferies Financial Group reiterated a “buy” rating and set a GBX 226 price target on shares of Henry Boot in a report on Monday, June 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 219 price objective on shares of Henry Boot in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 222.50.

Henry Boot Stock Performance

The company has a debt-to-equity ratio of 27.55, a quick ratio of 0.83 and a current ratio of 4.85. The company has a market cap of £209.49 million, a PE ratio of 9.12, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22. The company’s 50 day moving average price is GBX 160.87 and its 200-day moving average price is GBX 174.08.

Insiders Place Their Bets

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

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.