Henry Boot (LON:BOOT) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Henry Boot PLC (LON:BOOT) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 147.39 and traded as high as GBX 152. Henry Boot shares last traded at GBX 148, with a volume of 67,550 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their target price on Henry Boot from GBX 219 to GBX 186 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Henry Boot presently has an average rating of “Buy” and a consensus target price of GBX 206.

Henry Boot Price Performance

The stock has a market capitalization of £199.20 million, a PE ratio of 14.37, a P/E/G ratio of -11.97 and a beta of 0.22. The firm’s 50 day simple moving average is GBX 147.39 and its 200 day simple moving average is GBX 166.09. The company has a debt-to-equity ratio of 37.77, a current ratio of 6.72 and a quick ratio of 0.83.

Henry Boot (LON:BOOT) last released its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (2.20) earnings per share for the quarter. Henry Boot had a net margin of 5.93% and a return on equity of 2.93%. As a group, equities analysts forecast that Henry Boot PLC will post 18.21 EPS for the current fiscal year.

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.