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

Breedon Group plc (LON:BREE) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 354.03 and traded as low as GBX 323. Breedon Group shares last traded at GBX 326.20, with a volume of 8,350,606 shares.

Analyst Ratings Changes

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

Breedon Group Trading Down 0.9%

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The stock has a market capitalization of £1.13 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a 50-day moving average price of GBX 329.01 and a 200 day moving average price of GBX 354.03.

Insider Transactions at Breedon Group

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