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

Shares of Breedon Group plc (LON:BREE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 348.36 and traded as low as GBX 325.80. Breedon Group shares last traded at GBX 328.20, with a volume of 1,578,451 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BREE. Royal Bank Of Canada dropped their price target on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Citigroup dropped their target price on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a research report on Thursday, November 27th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 500 price target on shares of Breedon Group in a report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 476.25.

Breedon Group Stock Performance

The stock’s 50-day moving average price is GBX 326.92 and its 200-day moving average price is GBX 348.36. The company has a market capitalization of £1.15 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44.

Insider Buying and Selling at Breedon Group

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

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.