Breedon Group (LON:BREE) Shares Pass Above 200 Day Moving Average - What's Next?

Breedon Group plc (LON:BREE - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 444.13 ($5.97) and traded as high as GBX 451.80 ($6.07). Breedon Group shares last traded at GBX 441.40 ($5.93), with a volume of 394,389 shares.

Wall Street Analyst Weigh In

BREE has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Breedon Group from GBX 650 ($8.73) to GBX 625 ($8.40) and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Berenberg Bank increased their price target on shares of Breedon Group from GBX 540 ($7.26) to GBX 590 ($7.93) and gave the stock a "buy" rating in a research note on Thursday, March 6th.

Breedon Group Stock Performance

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The company's 50 day moving average is GBX 451.19 and its 200-day moving average is GBX 444.94. The company has a market capitalization of £1.55 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) EPS for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. Equities analysts anticipate that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

Breedon Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be issued a dividend of GBX 10 ($0.13) per share. This represents a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from Breedon Group's previous dividend of $4.50. Breedon Group's dividend payout ratio (DPR) is presently 50.13%.

Insider Activity

In other news, insider James Brotherton sold 43,648 shares of Breedon Group stock in a transaction dated Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.78), for a total transaction of £187,686.40 ($252,164.99). Insiders own 23.90% of the company's stock.

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.