Breedon Group (LON:BREE) Reaches New 12-Month Low – Should You Sell?

Breedon Group plc (LON:BREE)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 300 and last traded at GBX 307.40, with a volume of 4151589 shares. The stock had previously closed at GBX 316.

Wall Street Analyst Weigh In

BREE has been the topic of several research reports. Royal Bank Of Canada lowered their price objective on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Citigroup reduced their target price on Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 540 price target on shares of Breedon Group in a research report on Monday, September 8th. Three 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.com, Breedon Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 486.25.

Breedon Group Trading Down 0.4%

The stock has a market capitalization of £1.09 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The stock’s fifty day moving average price is GBX 343.46 and its two-hundred day moving average price is GBX 381.35. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Insider Activity

In related news, insider Clive Watson bought 436 shares of the stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of GBX 333 per share, with a total value of £1,451.88. Also, insider Amit Bhatia bought 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of GBX 393 per share, with a total value of £589,500. Corporate insiders own 42.37% of the company’s stock.

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 1.5bn 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.