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

Breedon Group plc (LON:BREE) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 358.81 and traded as low as GBX 321.20. Breedon Group shares last traded at GBX 328.60, with a volume of 147,772 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BREE shares. Royal Bank Of Canada decreased their target price on Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 500 price objective on shares of Breedon Group in a research report on Thursday, November 20th. Berenberg Bank reissued a “buy” rating and set a GBX 540 price objective on shares of Breedon Group in a report on Monday, September 8th. Finally, Citigroup lowered their price objective 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Breedon Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 476.25.

Breedon Group Trading Down 0.4%

The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The business’s 50 day simple moving average is GBX 330.32 and its 200 day simple moving average is GBX 357.96. The stock has a market cap of £1.14 billion, a P/E ratio of 12.64, a PEG ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling

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

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.