Breedon Group (LON:BREE) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Breedon Group plc (LON:BREE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 446.32 ($5.93) and traded as high as GBX 466.40 ($6.20). Breedon Group shares last traded at GBX 458.60 ($6.09), with a volume of 382,352 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BREE shares. Royal Bank of Canada decreased their price target on shares of Breedon Group from GBX 650 ($8.63) to GBX 625 ($8.30) and set an "outperform" rating for the company in a report on Tuesday, April 15th. Berenberg Bank upped their target price on Breedon Group from GBX 540 ($7.17) to GBX 590 ($7.84) and gave the company a "buy" rating in a research report on Thursday, March 6th.

Breedon Group Price Performance

The stock has a market cap of £1.58 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.56 and a beta of 1.29. The stock has a fifty day moving average of GBX 449.44 and a 200 day moving average of GBX 446.32. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12.

Breedon Group (LON:BREE - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. On average, analysts expect that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

Breedon Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 3rd were issued a GBX 10 ($0.13) dividend. This represents a yield of 2.09%. The ex-dividend date was Thursday, April 3rd. This is an increase from Breedon Group's previous dividend of $4.50. Breedon Group's dividend payout ratio (DPR) is 50.13%.

Insider Buying and Selling at Breedon Group

In related news, insider James Brotherton sold 43,648 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.71), for a total transaction of £187,686.40 ($249,317.75). Also, insider Clive Watson purchased 3,223 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of GBX 450 ($5.98) per share, with a total value of £14,503.50 ($19,266.07). 23.90% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.