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

Breedon Group plc (LON:BREE) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 343.16 and traded as high as GBX 362. Breedon Group shares last traded at GBX 345, with a volume of 33,166,043 shares trading hands.

Analyst Upgrades and Downgrades

BREE has been the topic of several research analyst reports. Citigroup decreased their price target on shares of 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 set a GBX 500 price objective on shares of Breedon Group in a report on Thursday, November 20th. Finally, Royal Bank Of Canada lowered their target price on 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 476.25.

Breedon Group Stock Down 0.2%

The business has a fifty day moving average of GBX 341.89 and a 200 day moving average of GBX 343.16. The company has a quick ratio of 1.12, a current ratio of 1.47 and a debt-to-equity ratio of 58.21. The firm has a market cap of £1.19 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.56 and a beta of 1.07.

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.