Henry Boot (LON:BOOT) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Henry Boot PLC (LON:BOOT) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 160.87 and traded as low as GBX 154.77. Henry Boot shares last traded at GBX 156, with a volume of 193,744 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 226 price objective on shares of Henry Boot in a research 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 research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 222.50.

Henry Boot Price Performance

The firm’s fifty day moving average price is GBX 160.87 and its two-hundred day moving average price is GBX 174.08. The stock has a market cap of £209.49 million, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of -11.97 and a beta of 0.22. The company has a debt-to-equity ratio of 27.55, a current ratio of 4.85 and a quick ratio of 0.83.

Insider Activity

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