Breedon Group (LON:BREE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Breedon Group plc (LON:BREE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 399.98 ($5.36) and traded as low as GBX 332 ($4.45). Breedon Group shares last traded at GBX 332 ($4.45), with a volume of 1,183,995 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 540 price target on shares of Breedon Group in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 561.67.

Breedon Group Stock Performance

The stock has a market cap of £1.15 billion, a price-to-earnings ratio of 1,276.92, a PEG ratio of 1.56 and a beta of 1.29. The stock’s 50 day moving average is GBX 361.33 and its two-hundred day moving average is GBX 399.98. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported GBX 11.20 earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. Analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

Insider Buying and Selling at Breedon Group

In other news, insider Clive Watson acquired 1,223 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of GBX 371 per share, for a total transaction of £4,537.33. Also, insider James Brotherton acquired 7,033 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were purchased at an average price of GBX 354 per share, with a total value of £24,896.82. Insiders have bought 179,282 shares of company stock worth $69,430,855 in the last quarter. 42.37% of the stock is currently owned by company insiders.

Breedon Group Company Profile

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.