Henry Boot (LON:BOOT) Stock Passes Below 50 Day Moving Average – Time to Sell?

Henry Boot PLC (LON:BOOT) shares crossed 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.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 226 price objective on shares of Henry Boot in a research note on Monday, June 8th. Berenberg Bank restated a “buy” rating and set a GBX 219 target price on shares of Henry Boot in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Henry Boot has an average rating of “Buy” and an average target price of GBX 222.50.

Henry Boot Price 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 stock has a market cap of £203.58 million, a P/E ratio of 8.87, a P/E/G ratio of -11.97 and a beta of 0.23. The firm has a 50 day moving average price of GBX 162.31 and a 200 day moving average price of GBX 177.39.

Insider Transactions at Henry Boot

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

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.