Breedon Group (LON:BREE) Trading Down 10.2% - Should You Sell?

Breedon Group plc (LON:BREE - Get Free Report)'s stock price dropped 10.2% on Thursday . The stock traded as low as GBX 378.77 ($5.08) and last traded at GBX 386.20 ($5.18). Approximately 3,015,922 shares changed hands during trading, an increase of 53% from the average daily volume of 1,974,692 shares. The stock had previously closed at GBX 430.14 ($5.77).

Wall Street Analyst Weigh In

Several research firms have recently commented on BREE. Berenberg Bank boosted their target price on shares of Breedon Group from GBX 540 ($7.25) to GBX 590 ($7.92) and gave the stock a "buy" rating in a report on Thursday, March 6th. Royal Bank Of Canada lowered their target price on shares of Breedon Group from GBX 650 ($8.73) to GBX 625 ($8.39) and set an "outperform" rating on the stock in a report on Tuesday, April 15th.

Breedon Group Price Performance

The stock has a market capitalization of £1.34 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The stock's 50 day moving average price is GBX 445.70 and its 200-day moving average price is GBX 445.41.

Insider Activity

In related news, insider James Brotherton sold 43,648 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.77), for a total transaction of £187,686.40 ($251,961.87). Also, insider Clive Watson purchased 621 shares of the business's stock in a transaction on Friday, June 13th. The stock was purchased at an average cost of GBX 431 ($5.79) per share, for a total transaction of £2,676.51 ($3,593.11). Company 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.