Breedon Group (LON:BREE) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 318.45 and traded as low as GBX 286.40. Breedon Group shares last traded at GBX 288.20, with a volume of 1,714,767 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BREE shares. Citigroup cut their price target on shares of Breedon Group from GBX 3,400 to GBX 3,100 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Berenberg Bank reiterated a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a research report on Wednesday, June 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Breedon Group from GBX 430 to GBX 415 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,001.

Breedon Group Stock Performance

The stock has a market capitalization of £1.01 billion, a PE ratio of 12.06, a P/E/G ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 53.71, a quick ratio of 1.12 and a current ratio of 1.35. The firm has a 50 day moving average of GBX 294.52 and a 200-day moving average of GBX 318.26.

Insider Activity

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 shares were 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 company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of GBX 314, for a total transaction of £89,675.26. Insiders have acquired 16,411 shares of company stock worth $4,937,100 in the last 90 days. Company insiders own 23.27% of the company’s stock.

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.