Breedon Group (LON:BREE) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 316.79 and traded as high as GBX 327.60. Breedon Group shares last traded at GBX 320.60, with a volume of 562,599 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 465 target price on shares of Breedon Group in a report on Wednesday, June 10th. Finally, Citigroup decreased their price target on shares of Breedon Group from GBX 3,400 to GBX 3,100 and set a “neutral” rating on the stock in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Breedon Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,001.

Breedon Group Stock Up 1.8%

The company has a fifty day simple moving average of GBX 297.20 and a 200-day simple moving average of GBX 316.79. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71. The firm has a market cap of £1.11 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06.

Insider Buying and Selling at Breedon Group

In related news, insider Clive Watson acquired 11,271 shares of the stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of GBX 301 per share, with a total value of £33,925.71. Over the last 90 days, insiders bought 16,411 shares of company stock worth $4,937,100. 23.27% of the stock is owned by 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.