Breedon Group plc (LON:BREE – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 355.35 ($4.42) and traded as high as GBX 376 ($4.68). Breedon Group shares last traded at GBX 372 ($4.63), with a volume of 426,187 shares traded.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank upped their price target on shares of Breedon Group from GBX 440 ($5.48) to GBX 460 ($5.73) and gave the stock a “buy” rating in a research report on Thursday, March 7th.
Check Out Our Latest Research Report on BREE
Breedon Group Trading Down 1.5 %
Breedon Group Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be given a dividend of GBX 9.50 ($0.12) per share. This is a positive change from Breedon Group’s previous dividend of $4.00. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 2.54%. Breedon Group’s dividend payout ratio is currently 4,516.13%.
Insider Buying and Selling
In related news, insider Amit Bhatia bought 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average price of GBX 385 ($4.79) per share, for a total transaction of £5,775,000 ($7,189,094.98). 21.23% of the stock is owned by company insiders.
About Breedon Group
Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.
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