Henry Boot (LON:BOOT) Hits New 52-Week Low – Should You Sell?

Henry Boot PLC (LON:BOOT)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 146.50 and last traded at GBX 157.16, with a volume of 205777 shares trading hands. The stock had previously closed at GBX 161.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 226 target price on shares of Henry Boot in a research note on Monday, June 8th. Berenberg Bank cut their target price on Henry Boot from GBX 230 to GBX 219 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 222.50.

Henry Boot Stock Performance

The company has a quick ratio of 0.83, a current ratio of 4.85 and a debt-to-equity ratio of 27.55. The company has a market cap of £210.93 million, a P/E ratio of 9.19, a P/E/G ratio of -11.97 and a beta of 0.23. The business has a fifty day simple moving average of GBX 164.64 and a two-hundred day simple moving average of GBX 186.33.

Insider Activity at Henry Boot

In other Henry Boot news, insider Timothy Andrew Roberts bought 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of GBX 173 per share, with a total value of £27,680. Also, insider Darren Littlewood acquired 10,032 shares of Henry Boot stock in a transaction dated Tuesday, April 28th. The shares were bought at an average price of GBX 174 per share, for a total transaction of £17,455.68. Corporate 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.