Breedon Group plc (LON:BREE – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 359.39 ($4.51) and traded as high as GBX 385 ($4.84). Breedon Group shares last traded at GBX 384 ($4.82), with a volume of 2,642,479 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank lifted their target price on Breedon Group from GBX 440 ($5.53) to GBX 460 ($5.78) and gave the stock a “buy” rating in a report on Thursday, March 7th.
View Our Latest Research Report on BREE
Breedon Group Trading Up 1.0 %
Breedon Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be issued a GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, April 4th. This is a boost from Breedon Group’s previous dividend of $4.00. This represents a yield of 2.54%. Breedon Group’s payout ratio is currently 4,516.13%.
Insider Transactions at Breedon Group
In related news, insider Rob Wood purchased 10,909 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of GBX 275 ($3.45) per share, with a total value of £29,999.75 ($37,688.13). In other news, insider Rob Wood acquired 10,909 shares of the stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of GBX 275 ($3.45) per share, for a total transaction of £29,999.75 ($37,688.13). Also, insider Amit Bhatia bought 1,500,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average price of GBX 385 ($4.84) per share, with a total value of £5,775,000 ($7,255,025.13). 22.64% of the stock is currently owned by insiders.
Breedon Group Company Profile
Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.
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