Breedon Group (LON:BREE) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Breedon Group plc (LON:BREE)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 344.47 and traded as high as GBX 360.80. Breedon Group shares last traded at GBX 351.20, with a volume of 1,166,231 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BREE shares. Citigroup lowered their price objective on shares of Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a research report on Thursday, November 27th. Peel Hunt reissued a “buy” rating and set a GBX 500 price target on shares of Breedon Group in a report on Thursday, November 20th. Finally, Royal Bank Of Canada decreased their price objective on Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Breedon Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 476.25.

Breedon Group Stock Down 2.1%

The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The stock has a market capitalization of £1.22 billion, a PE ratio of 13.51, a PEG ratio of 1.56 and a beta of 1.29. The firm’s fifty day moving average is GBX 334.39 and its 200-day moving average is GBX 344.47.

Insider Buying and Selling

In other news, insider Amit Bhatia sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of GBX 393, for a total value of £786,000. Also, insider Clive Watson acquired 7,456 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of GBX 317 per share, for a total transaction of £23,635.52. Corporate 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.