Breedon Group (LON:BREE) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 323.36 and traded as low as GBX 273. Breedon Group shares last traded at GBX 275, with a volume of 842,565 shares traded.

Analyst Upgrades and Downgrades

BREE has been the subject of several research reports. Stifel Nicolaus decreased their price target on shares of Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 465 price target on shares of Breedon Group in a research note on Monday, March 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Breedon Group presently has an average rating of “Moderate Buy” and an average price target of GBX 449.

Breedon Group Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71. The firm has a fifty day moving average price of GBX 301.21 and a two-hundred day moving average price of GBX 322.73. The stock has a market capitalization of £955.44 million, a P/E ratio of 11.39, a P/E/G ratio of 1.56 and a beta of 1.08.

Breedon Group (LON:BREE) last issued its quarterly earnings results on Wednesday, March 11th. The company reported GBX 31.80 earnings per share for the quarter. Breedon Group had a return on equity of 7.14% and a net margin of 4.89%. On average, analysts expect that Breedon Group plc will post 36.8586859 EPS for the current year.

Insiders Place Their Bets

In other Breedon Group news, insider James Brotherton sold 19,318 shares of Breedon Group stock in a transaction dated Monday, April 13th. The shares were sold at an average price of GBX 314, for a total value of £60,658.52. Also, insider Rob Wood sold 28,559 shares of Breedon Group stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 314, for a total transaction of £89,675.26. Over the last ninety days, insiders bought 16,411 shares of company stock valued at $4,937,100. 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.