Breedon Group (LON:BREE) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Breedon Group plc (LON:BREE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 363.13 and traded as low as GBX 322.60. Breedon Group shares last traded at GBX 328.60, with a volume of 1,986,382 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BREE shares. Royal Bank Of Canada cut their target price on Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a research report on Friday, November 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 540 price objective on shares of Breedon Group in a research note on Monday, September 8th. Peel Hunt reaffirmed a “buy” rating and set a GBX 500 target price on shares of Breedon Group in a research note on Thursday, November 20th. Finally, Citigroup lowered their target price on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a report on Thursday, November 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 476.25.

Breedon Group Stock Up 0.2%

The stock has a fifty day moving average of GBX 331.22 and a 200-day moving average of GBX 363.13. The firm has a market capitalization of £1.14 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.56 and a beta of 1.29. 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 Transactions at Breedon Group

In other Breedon Group news, insider Amit Bhatia sold 200,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of GBX 393, for a total transaction of £786,000. Also, insider Clive Watson acquired 7,456 shares of Breedon Group stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of GBX 317 per share, with a total value of £23,635.52. Insiders purchased a total of 207,892 shares of company stock worth $76,508,740 in the last three months. 42.58% of the stock is currently owned by company insiders.

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.