Breedon Group (LON:BREE) Shares Down 10.2% – Here’s Why

Breedon Group plc (LON:BREE)’s stock price fell 10.2% on Friday . The company traded as low as GBX 378.77 ($5.09) and last traded at GBX 386.20 ($5.19). 3,015,922 shares changed hands during mid-day trading, an increase of 53% from the average session volume of 1,974,692 shares. The stock had previously closed at GBX 430.14 ($5.78).

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BREE shares. Berenberg Bank raised their target price on Breedon Group from GBX 540 ($7.26) to GBX 590 ($7.93) and gave the company a “buy” rating in a research note on Thursday, March 6th. Royal Bank Of Canada lowered their price objective on Breedon Group from GBX 650 ($8.74) to GBX 625 ($8.41) and set an “outperform” rating for the company in a research note on Tuesday, April 15th.

Breedon Group Stock Up 1.1%

The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.56 and a beta of 1.29. The firm’s fifty day moving average is GBX 445.70 and its 200-day moving average is GBX 445.41. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12.

Insiders Place Their Bets

In other news, insider James Brotherton sold 43,648 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.78), for a total value of £187,686.40 ($252,402.37). Also, insider Clive Watson bought 3,223 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of GBX 450 ($6.05) per share, for a total transaction of £14,503.50 ($19,504.44). Corporate insiders own 23.90% 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.