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

Shares of Henry Boot PLC (LON:BOOT) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 164.96 and traded as low as GBX 162. Henry Boot shares last traded at GBX 163, with a volume of 94,025 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BOOT shares. Berenberg Bank dropped their price objective on Henry Boot from GBX 230 to GBX 219 and set a “buy” rating for the company in a research note on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and issued a GBX 226 target price on shares of Henry Boot in a research note on Monday, June 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 222.50.

Henry Boot Price Performance

The stock has a market capitalization of £218.78 million, a P/E ratio of 9.53, a PEG ratio of -11.97 and a beta of 0.24. The company’s 50 day simple moving average is GBX 164.96 and its two-hundred day simple moving average is GBX 187.04. 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 at Henry Boot

In other Henry Boot news, insider Timothy Andrew Roberts purchased 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of GBX 173 per share, with a total value of £27,680. Also, insider Darren Littlewood purchased 10,032 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average cost of GBX 174 per share, with a total value of £17,455.68. 6.40% of the stock is owned by 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.