Henry Boot (LON:BOOT) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Henry Boot PLC (LON:BOOT)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 206.08 and traded as low as GBX 180. Henry Boot shares last traded at GBX 185, with a volume of 28,032 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their target price on shares of Henry Boot from GBX 337 to GBX 326 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Henry Boot currently has an average rating of “Buy” and a consensus price target of GBX 295.

Henry Boot Stock Performance

The firm has a market cap of £240.77 million, a PE ratio of 9.49, a P/E/G ratio of -11.97 and a beta of 0.34. The stock has a 50-day moving average price of GBX 206.08 and a 200 day moving average price of GBX 216.36. The company has a debt-to-equity ratio of 23.83, a current ratio of 2.29 and a quick ratio of 0.84.

Henry Boot Company Profile

Henry Boot is one of the UK’s leading land, property development, home building and construction businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential.