Breedon Group (LON:BREE) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Breedon Group's share price fell below its 200-day moving average, trading at GBX 360.84 and demonstrating a market trend shift.
• Wall Street analysts maintain a "buy" rating for Breedon Group, with a price target set at GBX 540, suggesting potential for growth despite current stock performance.
• Insider activity has been notable as corporate insiders purchased a total of 179,282 shares valued at approximately $69.4 million over the last 90 days, indicating confidence in the company’s future.

Breedon Group plc (LON:BREE - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 417.08 ($5.62) and traded as low as GBX 356.20 ($4.80). Breedon Group shares last traded at GBX 360.84 ($4.86), with a volume of 785,157 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 540 price target on shares of Breedon Group in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 561.67.

Breedon Group Stock Performance

The stock has a market capitalization of £1.24 billion, a price-to-earnings ratio of 1,373.08, a PEG ratio of 1.56 and a beta of 1.29. The stock's 50 day moving average is GBX 369.93 and its 200 day moving average is GBX 415.11. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 11.20 EPS for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. On average, analysts predict that Breedon Group plc will post 36.8586859 earnings per share for the current year.

Insider Buying and Selling at Breedon Group

In other Breedon Group news, insider Amit Bhatia acquired 150,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of GBX 393 per share, with a total value of £589,500. Also, insider James Brotherton purchased 7,033 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were purchased at an average cost of GBX 354 per share, for a total transaction of £24,896.82. Insiders bought a total of 179,282 shares of company stock valued at $69,430,855 in the last quarter. Insiders own 42.37% 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.