Breedon Group (LON:BREE) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Breedon Group plc (LON:BREE) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 346.76 and traded as low as GBX 331.80. Breedon Group shares last traded at GBX 343.60, with a volume of 2,174,025 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup decreased their price target on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a research note on Thursday, November 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 500 target price on shares of Breedon Group in a research report on Thursday, November 20th. Finally, Royal Bank Of Canada lowered their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Breedon Group presently has an average rating of “Moderate Buy” and an average target price of GBX 476.25.

Breedon Group Price Performance

The company has a fifty day moving average of GBX 329.12 and a 200-day moving average of GBX 346.76. 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 cap of £1.20 billion, a PE ratio of 13.26, a P/E/G ratio of 1.56 and a beta of 1.29.

Insider Transactions at Breedon Group

In related news, insider Amit Bhatia sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of GBX 393, for a total transaction of £786,000. Also, insider Clive Watson bought 7,456 shares of Breedon Group stock in a transaction on Thursday, November 20th. The shares were acquired at an average price of GBX 317 per share, for a total transaction of £23,635.52. Insiders have acquired 207,892 shares of company stock worth $76,508,740 over the last quarter. Insiders own 42.58% of the company’s stock.

Breedon Group Company Profile

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.