Breedon Group (LON:BREE) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 327.09 and traded as high as GBX 334.82. Breedon Group shares last traded at GBX 332.40, with a volume of 608,758 shares trading hands.

Analyst Ratings Changes

Several research firms recently commented on BREE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 475 target price on shares of Breedon Group in a report on Thursday, July 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 465 price target on shares of Breedon Group in a report on Friday, July 31st. Finally, Citigroup upped their price objective on Breedon Group from GBX 310 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 451.67.

Breedon Group Stock Down 0.9%

The business’s fifty day simple moving average is GBX 326.60 and its two-hundred day simple moving average is GBX 321.43. The company has a market cap of £1.14 billion, a PE ratio of 13.95, a PEG ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, July 29th. The company reported GBX 9.40 earnings per share (EPS) for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. On average, analysts predict that Breedon Group plc will post 36.86 earnings per share for the current year.

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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group’s two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.