Breedon Group (LON:BREE) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 315.95 and traded as low as GBX 310.60. Breedon Group shares last traded at GBX 315.64, with a volume of 2,247,372 shares traded.

Analyst Ratings Changes

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

Breedon Group Stock Down 1.5%

The firm has a 50-day moving average price of GBX 333.09 and a two-hundred day moving average price of GBX 315.65. The company has a market capitalization of £1.08 billion, a P/E ratio of 13.17, a PEG ratio of 1.56 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.40 and a debt-to-equity ratio of 62.39.

Breedon Group (LON:BREE) last announced 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%. Equities research analysts anticipate that Breedon Group plc will post 36.8586859 EPS for the current fiscal 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 1.7bn 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.