Breedon Group (LON:BREE) Stock Passes Above 200-Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 343.16 and traded as high as GBX 362. Breedon Group shares last traded at GBX 345, with a volume of 33,166,043 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank Of Canada lowered 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. Citigroup reduced their price target 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. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 500 price objective on shares of Breedon Group in a research note on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Breedon Group presently has an average rating of “Moderate Buy” and an average price target of GBX 476.25.

Breedon Group Stock Performance

The company has a current ratio of 1.47, a quick ratio of 1.12 and a debt-to-equity ratio of 58.21. The stock has a market cap of £1.16 billion, a PE ratio of 12.85, a P/E/G ratio of 1.56 and a beta of 1.07. The business’s 50-day moving average price is GBX 342.12 and its 200-day moving average price is GBX 343.04.

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.