Breedon Group (LON:BREE) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Breedon Group plc (LON:BREE - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 447.49 ($6.09) and traded as high as GBX 456.40 ($6.21). Breedon Group shares last traded at GBX 442.80 ($6.03), with a volume of 429,920 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BREE. Royal Bank of Canada decreased their price objective on Breedon Group from GBX 650 ($8.85) to GBX 625 ($8.51) and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Berenberg Bank boosted their price objective on shares of Breedon Group from GBX 540 ($7.35) to GBX 590 ($8.03) and gave the company a "buy" rating in a research report on Thursday, March 6th.

Breedon Group Trading Up 0.0%

The firm has a market cap of £1.53 billion, a P/E ratio of 15.86, a PEG ratio of 1.56 and a beta of 1.29. The company has a 50 day moving average of GBX 446.22 and a 200 day moving average of GBX 447.49. 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

In other Breedon Group news, insider James Brotherton sold 43,648 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.85), for a total value of £187,686.40 ($255,529.48). Also, insider Clive Watson bought 3,223 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of GBX 450 ($6.13) per share, with a total value of £14,503.50 ($19,746.09). 23.90% of the stock is currently owned by corporate 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.