Breedon Group (LON:BREE) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Breedon Group plc (LON:BREE) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 325.38 and traded as low as GBX 289.70. Breedon Group shares last traded at GBX 292.83, with a volume of 3,362,017 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 465 price objective on shares of Breedon Group in a research note on Monday, March 16th. Stifel Nicolaus cut their price objective on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 449.

Breedon Group Price Performance

The stock has a market cap of £1.06 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The stock has a fifty day simple moving average of GBX 308.28 and a 200-day simple moving average of GBX 325.38. The company has a current ratio of 1.35, a quick ratio of 1.12 and a debt-to-equity ratio of 53.71.

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

Insider Buying and Selling at Breedon Group

In other Breedon Group news, insider Rob Wood sold 28,559 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total value of £89,675.26. Also, 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 value of £60,658.52. Insiders have acquired 16,411 shares of company stock valued at $4,937,100 in the last 90 days. 42.70% of the stock is currently owned by 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.