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

Henry Boot PLC (LON:BOOT)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 176.29 and traded as low as GBX 158.50. Henry Boot shares last traded at GBX 158.50, with a volume of 138,955 shares traded.

Analyst Ratings Changes

BOOT has been the topic of several analyst reports. Berenberg Bank dropped their price target on shares of Henry Boot from GBX 230 to GBX 219 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and set a GBX 226 target price on shares of Henry Boot in a research note on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 222.50.

Henry Boot Stock Performance

The company has a current ratio of 4.85, a quick ratio of 0.84 and a debt-to-equity ratio of 27.55. The business’s 50 day moving average is GBX 175.49 and its two-hundred day moving average is GBX 199.39. The company has a market cap of £216.09 million, a PE ratio of 9.42, a PEG ratio of -11.97 and a beta of 0.24.

Henry Boot (LON:BOOT) last released its earnings results on Tuesday, March 24th. The company reported GBX 15.90 earnings per share for the quarter. Henry Boot had a net margin of 8.55% and a return on equity of 5.16%. On average, equities research analysts anticipate that Henry Boot PLC will post 18.2106097 EPS for the current year.

Insiders Place Their Bets

In related news, insider Timothy Andrew Roberts purchased 16,000 shares of Henry Boot stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of GBX 173 per share, for a total transaction of £27,680. Also, insider Darren Littlewood purchased 10,032 shares of Henry Boot stock in a transaction on Tuesday, April 28th. The stock was bought at an average price of GBX 174 per share, for a total transaction of £17,455.68. Insiders own 6.36% of the company’s stock.

About Henry Boot

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.