Breedon Group (LON:BREE) Sets New 52-Week Low – Time to Sell?

Breedon Group plc (LON:BREE)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 271.60 and last traded at GBX 272.16, with a volume of 284066 shares. The stock had previously closed at GBX 275.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a research note on Monday, March 16th. Stifel Nicolaus lowered 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 449.

Breedon Group Stock Performance

The stock has a fifty day simple moving average of GBX 299.99 and a two-hundred day simple moving average of GBX 322.29. The stock has a market cap of £986.34 million, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 53.71, a quick ratio of 1.12 and a current ratio of 1.35.

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

Insider Buying and Selling at Breedon Group

In other Breedon Group news, insider James Brotherton sold 19,318 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total value of £60,658.52. Also, insider Clive Watson bought 2,611 shares of Breedon Group stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of GBX 300 per share, for a total transaction of £7,833. In the last quarter, insiders have acquired 16,411 shares of company stock valued at $4,937,100. 23.27% of the stock is currently owned by corporate 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.