Breedon Group (LON:BREE) Shares Cross Below 200 Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 325.38 and traded as low as GBX 289.70. Breedon Group shares last traded at GBX 292.83, with a volume of 3,362,017 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BREE. Stifel Nicolaus decreased their price objective on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Berenberg Bank reissued a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a report on Monday, March 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Breedon Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 449.

Breedon Group Price Performance

The company has a market cap of £1.06 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a fifty day moving average price of GBX 308.28 and a two-hundred day moving average price of GBX 325.38. The company has a current ratio of 1.35, a quick ratio of 1.12 and a debt-to-equity ratio of 53.71.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, March 11th. The company reported GBX 31.80 EPS for the quarter. Breedon Group had a return on equity of 7.14% and a net margin of 4.89%. As a group, equities research analysts anticipate that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider James Brotherton sold 19,318 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total transaction of £60,658.52. Also, insider Rob Wood sold 28,559 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total value of £89,675.26. Insiders purchased 16,411 shares of company stock worth $4,937,100 in the last 90 days. 42.70% of the stock is owned by company insiders.

About Breedon Group

Breedon Group plc, a leading vertically-integrated construction materials group in Great Britain, Ireland and the USA, delivers essential products to the construction sector. Breedon holds 1.5bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.