Breedon Group (LON:BREE) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Breedon Group plc (LON:BREE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 323.36 and traded as low as GBX 273. Breedon Group shares last traded at GBX 275, with a volume of 842,565 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BREE shares. Stifel Nicolaus dropped their target price on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a report on Tuesday, March 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 465 target price on shares of Breedon Group in a research report on Monday, March 16th. Four equities 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 has a consensus rating of “Moderate Buy” and an average price target of GBX 449.

Breedon Group Price Performance

The company has a 50 day moving average price of GBX 302.94 and a 200 day moving average price of GBX 323.36. The firm has a market cap of £953.36 million, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. 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 announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 31.80 EPS for the quarter. Breedon Group had a return on equity of 7.14% and a net margin of 4.89%. On average, sell-side analysts expect that Breedon Group plc will post 36.8586859 EPS for the current year.

Insider Buying and Selling

In related news, insider James Brotherton sold 19,318 shares of Breedon Group stock in a transaction that occurred on Monday, April 13th. The stock was 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 Breedon Group 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. Insiders purchased 16,411 shares of company stock worth $4,937,100 in the last ninety days. Insiders own 42.70% 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.