Henry Boot (LON:BOOT) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Henry Boot PLC (LON:BOOT) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 147.39 and traded as high as GBX 152. Henry Boot shares last traded at GBX 148, with a volume of 67,550 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on shares of Henry Boot from GBX 219 to GBX 186 and set a “buy” rating for the company in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 206.

Henry Boot Price Performance

The company has a debt-to-equity ratio of 37.77, a quick ratio of 0.83 and a current ratio of 6.72. The firm’s fifty day moving average is GBX 147.39 and its 200 day moving average is GBX 166.09. The company has a market capitalization of £199.20 million, a P/E ratio of 14.37, a P/E/G ratio of -11.97 and a beta of 0.22.

Henry Boot (LON:BOOT) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported GBX (2.20) EPS for the quarter. Henry Boot had a return on equity of 2.93% and a net margin of 5.93%. As a group, analysts predict that Henry Boot PLC will post 18.21 earnings per share for the current fiscal year.

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.