Breedon Group (LON:BREE) Shares Down 9.3% - Time to Sell?

Breedon Group plc (LON:BREE - Get Free Report) traded down 9.3% during mid-day trading on Thursday . The stock traded as low as GBX 389.98 ($5.24) and last traded at GBX 389.98 ($5.24). 887,798 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,956,503 shares. The stock had previously closed at GBX 430.14 ($5.77).

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Berenberg Bank upped 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 research note on Thursday, March 6th. Royal Bank Of Canada dropped 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 research note on Tuesday, April 15th.

Breedon Group Trading Up 1.1%

The company has a market cap of £1.34 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.56 and a beta of 1.29. The stock's 50-day moving average is GBX 445.70 and its two-hundred day moving average is GBX 445.41. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12.

Insider Activity at Breedon Group

In related news, insider James Brotherton sold 43,648 shares of the 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 acquired 3,223 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of GBX 450 ($6.04) per share, for a total transaction of £14,503.50 ($19,470.40). 23.90% of the stock is owned by insiders.

Breedon Group Company Profile

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.