Breedon Group (LON:BREE) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Breedon Group plc (LON:BREE) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 320.95 and traded as low as GBX 299.60. Breedon Group shares last traded at GBX 305, with a volume of 1,577,063 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BREE shares. Berenberg Bank restated a “buy” rating and set a GBX 465 target price on shares of Breedon Group in a research report on Wednesday, June 10th. Stifel Nicolaus reduced their price target 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 449.

Breedon Group Stock Performance

The stock’s 50 day moving average price is GBX 299.16 and its 200 day moving average price is GBX 320.79. The company has a current ratio of 1.35, a quick ratio of 1.12 and a debt-to-equity ratio of 53.71. The company has a market cap of £1.06 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.56 and a beta of 1.06.

Insider Activity at Breedon Group

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