Breedon Group (LON:BREE) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Breedon Group plc (LON:BREE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 318.48 and traded as high as GBX 358.60. Breedon Group shares last traded at GBX 355.31, with a volume of 39,826,707 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BREE shares. Berenberg Bank reiterated a “buy” rating and set a GBX 465 target price on shares of Breedon Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 475 price target on shares of Breedon Group in a report on Thursday, July 30th. Finally, Citigroup upped their price target on Breedon Group from GBX 310 to GBX 330 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Breedon Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 451.67.

Breedon Group Trading Down 4.5%

The company has a debt-to-equity ratio of 62.39, a quick ratio of 1.12 and a current ratio of 1.40. The stock’s 50-day simple moving average is GBX 327.52 and its 200-day simple moving average is GBX 318.33. The firm has a market capitalization of £1.13 billion, a PE ratio of 13.81, a P/E/G ratio of 1.56 and a beta of 1.08.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. As a group, sell-side analysts expect that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group’s two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.