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

Breedon Group plc (LON:BREE)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 320.95 and traded as low as GBX 299.60. Breedon Group shares last traded at GBX 305, with a volume of 1,577,063 shares traded.

Analysts Set New Price Targets

Several 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 research report on Wednesday, June 10th. Stifel Nicolaus decreased their price objective on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a report on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 449.

Breedon Group Price Performance

The company has a debt-to-equity ratio of 53.71, a current ratio of 1.35 and a quick ratio of 1.12. The stock has a market capitalization of £1.06 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.56 and a beta of 1.06. The firm has a fifty day moving average of GBX 298.96 and a two-hundred day moving average of GBX 320.95.

Insiders Place Their Bets

In related news, insider Clive Watson bought 11,271 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average price of GBX 301 per share, with a total value of £33,925.71. Also, insider James Brotherton sold 19,318 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 314, for a total transaction of £60,658.52. Insiders purchased a total of 16,411 shares of company stock valued at $4,937,100 over the last 90 days. 23.27% of the stock is owned by company 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.