Breedon Group (LON:BREE) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Breedon Group plc (LON:BREE)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 338.46 and traded as low as GBX 307.40. Breedon Group shares last traded at GBX 317.40, with a volume of 1,490,438 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BREE shares. Berenberg Bank restated a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a report on Monday, March 16th. Citigroup cut their target price on shares of Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a report on Thursday, November 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Breedon Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 457.50.

Breedon Group Trading Down 0.8%

The business has a 50 day simple moving average of GBX 340.78 and a 200-day simple moving average of GBX 338.46. The stock has a market capitalization of £1.10 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 53.71, a current ratio of 1.35 and a quick ratio of 1.12.

Breedon Group (LON:BREE) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 31.80 EPS for the quarter. Breedon Group had a return on equity of 7.14% and a net margin of 4.89%. As a group, equities analysts expect that Breedon Group plc will post 36.8586859 earnings per share for the current year.

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.