Breedon Group (LON:BREE) Shares Down 10.2% - Time to Sell?

Breedon Group plc (LON:BREE - Get Free Report) shares fell 10.2% on Thursday . The company traded as low as GBX 378.77 ($5.13) and last traded at GBX 386.20 ($5.23). 3,015,922 shares were traded during mid-day trading, an increase of 53% from the average session volume of 1,974,692 shares. The stock had previously closed at GBX 430.14 ($5.82).

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BREE. Royal Bank Of Canada reduced their price objective on shares of Breedon Group from GBX 650 ($8.80) to GBX 625 ($8.46) and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Berenberg Bank lifted their price target on shares of Breedon Group from GBX 540 ($7.31) to GBX 590 ($7.99) and gave the stock a "buy" rating in a research note on Thursday, March 6th.

Breedon Group Price Performance

The company's 50 day moving average is GBX 445.70 and its 200 day moving average is GBX 445.29. 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 stock has a market capitalization of £1.32 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling

In other Breedon Group news, insider Clive Watson acquired 3,223 shares of the stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of GBX 450 ($6.09) per share, with a total value of £14,503.50 ($19,636.47). Also, insider James Brotherton sold 43,648 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.82), for a total transaction of £187,686.40 ($254,111.02). 23.90% of the stock is owned by company 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.