Shares of Breedon Group plc (LON:BREE - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 446.32 ($5.99) and traded as high as GBX 466.40 ($6.26). Breedon Group shares last traded at GBX 458.60 ($6.16), with a volume of 382,352 shares traded.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of Breedon Group from GBX 650 ($8.72) to GBX 625 ($8.39) and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Berenberg Bank lifted 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.
Get Our Latest Stock Analysis on Breedon Group
Breedon Group Price Performance
The firm has a market capitalization of £1.58 billion, a PE ratio of 16.38, a price-to-earnings-growth 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 business's 50 day moving average is GBX 448.54 and its two-hundred day moving average is GBX 446.95.
Breedon Group (LON:BREE - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share 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 given a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This is a positive change from Breedon Group's previous dividend of $4.50. This represents a yield of 2.09%. Breedon Group's payout ratio is 50.13%.
Insider Buying and Selling
In other Breedon Group news, insider James Brotherton sold 43,648 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.77), for a total value of £187,686.40 ($251,928.05). Also, insider Clive Watson purchased 3,223 shares of the stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of GBX 450 ($6.04) per share, with a total value of £14,503.50 ($19,467.79). 23.90% of the stock is owned by company insiders.
About Breedon Group
(
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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.
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