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

Breedon Group plc (LON:BREE) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 346.76 and traded as low as GBX 331.80. Breedon Group shares last traded at GBX 343.60, with a volume of 2,174,025 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup reduced their price target on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a research report on Thursday, November 27th. Royal Bank Of Canada reduced their target price on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 500 price target on shares of Breedon Group in a research note on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 476.25.

Breedon Group Stock Up 0.3%

The firm has a 50-day moving average price of GBX 329.12 and a two-hundred day moving average price of GBX 346.76. The firm has a market cap of £1.20 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44.

Insider Buying and Selling

In related news, insider Amit Bhatia sold 200,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of GBX 393, for a total value of £786,000. Also, insider Clive Watson purchased 7,456 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of GBX 317 per share, for a total transaction of £23,635.52. In the last three months, insiders have acquired 207,892 shares of company stock worth $76,508,740. 42.58% of the stock is owned by corporate insiders.

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.