Breedon Group (LON:BREE) Share Price Passes Above 200 Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 345.21 and traded as high as GBX 354.10. Breedon Group shares last traded at GBX 346.60, with a volume of 228,044 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup dropped 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 note on Thursday, November 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 price target on shares of Breedon Group in a research 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 report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 476.25.

Breedon Group Price Performance

The firm has a 50 day moving average price of GBX 331.11 and a two-hundred day moving average price of GBX 345.21. The company has a market cap of £1.20 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44.

Insider Activity

In other news, insider Amit Bhatia sold 200,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of GBX 393, for a total transaction of £786,000. Also, insider Clive Watson purchased 7,456 shares of the stock in a transaction dated Thursday, November 20th. The stock was purchased at an average cost of GBX 317 per share, for a total transaction of £23,635.52. In the last 90 days, insiders acquired 207,892 shares of company stock valued at $76,508,740. 42.70% of the stock is owned by corporate 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.