Breedon Group (LON:BREE) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 345.21 and traded as high as GBX 354.10. Breedon Group shares last traded at GBX 346.60, with a volume of 228,044 shares.

Analyst Ratings Changes

Several equities research analysts have commented on BREE shares. Royal Bank Of Canada decreased their price objective on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a research note on Friday, November 7th. Peel Hunt restated a “buy” rating and set a GBX 500 price target on shares of Breedon Group in a research report on Thursday, November 20th. Finally, Citigroup decreased their price objective on shares of Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating for the company in a report on Thursday, November 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 476.25.

Breedon Group Stock Up 2.6%

The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The stock has a 50-day simple moving average of GBX 331.47 and a two-hundred day simple moving average of GBX 344.89. The firm has a market cap of £1.20 billion, a PE ratio of 13.36, a P/E/G ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling

In other Breedon Group news, insider Clive Watson bought 7,456 shares of Breedon Group stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of GBX 317 per share, with a total value of £23,635.52. Also, insider Amit Bhatia sold 200,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of GBX 393, for a total value of £786,000. Insiders have acquired 207,892 shares of company stock worth $76,508,740 over the last quarter. Company insiders own 42.70% of the company’s stock.

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.