Breedon Group (LON:BREE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Breedon Group plc (LON:BREE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 317.55 and traded as high as GBX 355.80. Breedon Group shares last traded at GBX 354.80, with a volume of 11,052,263 shares changing hands.

Wall Street Analyst Weigh In

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

Breedon Group Stock Performance

The company has a debt-to-equity ratio of 62.39, a quick ratio of 1.12 and a current ratio of 1.40. The stock has a market cap of £1.22 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company’s 50 day simple moving average is GBX 313.38 and its 200 day simple moving average is GBX 317.80.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. Analysts expect that Breedon Group plc will post 36.8586859 earnings per share for the current year.

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.