Henry Boot (LON:BOOT) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Henry Boot PLC (LON:BOOT) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 159.89 and traded as low as GBX 154.50. Henry Boot shares last traded at GBX 154.50, with a volume of 61,514 shares trading hands.

Analysts Set New Price Targets

BOOT has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 226 price objective on shares of Henry Boot in a report on Monday, June 8th. Berenberg Bank restated a “buy” rating and issued a GBX 219 target price on shares of Henry Boot in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 222.50.

Henry Boot Stock Up 0.3%

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 firm has a market capitalization of £208.15 million, a PE ratio of 9.06, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22. The firm has a 50-day moving average of GBX 159.89 and a two-hundred day moving average of GBX 171.79.

Insider Buying and Selling

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

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.