Breedon Group (LON:BREE) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 318.45 and traded as low as GBX 286.40. Breedon Group shares last traded at GBX 288.20, with a volume of 1,714,767 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Breedon Group from GBX 3,400 to GBX 3,100 and set a “neutral” rating for the company in a research note on Wednesday, June 24th. Berenberg Bank restated a “buy” rating and set a GBX 465 price target on shares of Breedon Group in a report on Wednesday, June 10th. Finally, Stifel Nicolaus lowered their price target on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Breedon Group has a consensus rating of “Moderate Buy” and an average price target of GBX 1,001.

Breedon Group Trading Up 1.3%

The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71. The firm’s fifty day moving average is GBX 294.85 and its two-hundred day moving average is GBX 318.45. The firm has a market cap of £1.01 billion, a P/E ratio of 12.07, a PEG ratio of 1.56 and a beta of 1.06.

Insider Transactions at Breedon Group

In related news, insider Clive Watson purchased 2,611 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of GBX 300 per share, with a total value of £7,833. Also, insider James Brotherton sold 19,318 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of GBX 314, for a total transaction of £60,658.52. In the last ninety days, insiders purchased 16,411 shares of company stock valued at $4,937,100. Company insiders own 23.27% 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.