Henry Boot (LON:BOOT) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Henry Boot PLC (LON:BOOT) 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 traded.

Wall Street Analysts Forecast Growth

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

Henry Boot Price Performance

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 stock has a market cap of £206.81 million, a PE ratio of 9.01, a PEG ratio of -11.97 and a beta of 0.23. The business has a 50-day moving average price of GBX 161.96 and a 200 day moving average price of GBX 176.42.

Insider Buying and Selling

In other Henry Boot news, insider Earl Sibley bought 10,000 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was purchased at an average price of GBX 154 per share, for a total transaction of £15,400. 6.40% of the stock is currently owned by company insiders.

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.