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

Breedon Group plc (LON:BREE - Get Free Report)'s stock price dropped 9.3% on Thursday . The stock traded as low as GBX 389.98 ($5.24) and last traded at GBX 389.98 ($5.24). Approximately 887,798 shares traded hands during trading, a decline of 55% from the average daily volume of 1,956,503 shares. The stock had previously closed at GBX 430.14 ($5.78).

Wall Street Analysts Forecast Growth

BREE has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price objective on Breedon Group from GBX 650 ($8.74) to GBX 625 ($8.41) and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Berenberg Bank lifted their target price on 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 Up 1.1%

The company has a market capitalization of £1.34 billion, a P/E ratio of 13.98, a PEG ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a 50 day moving average price of GBX 446.59 and a 200 day moving average price of GBX 446.02.

Insider Transactions at Breedon Group

In other news, insider Clive Watson acquired 621 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average price of GBX 431 ($5.80) per share, with a total value of £2,676.51 ($3,599.39). Also, 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 value of £187,686.40 ($252,402.37). 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.