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Breedon Group (LON:BREE) Share Price Passes Above 200-Day Moving Average - Here's Why

Breedon Group logo with Basic Materials background

Breedon Group plc (LON:BREE - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 447.33 ($6.05) and traded as high as GBX 456.60 ($6.18). Breedon Group shares last traded at GBX 446.20 ($6.04), with a volume of 336,142 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BREE shares. Royal Bank of Canada cut their price target on Breedon Group from GBX 650 ($8.79) to GBX 625 ($8.46) and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Berenberg Bank increased their price objective on Breedon Group from GBX 540 ($7.31) to GBX 590 ($7.98) and gave the company a "buy" rating in a report on Thursday, March 6th.

Get Our Latest Stock Analysis on BREE

Breedon Group Trading Up 0.9%

The firm has a market cap of £1.54 billion, a PE ratio of 16.02, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The business has a fifty day moving average price of GBX 445.51 and a 200 day moving average price of GBX 447.32.

Breedon Group (LON:BREE - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.20) EPS for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Analysts forecast that Breedon Group plc will post 36.8586859 EPS for the current year.

Insider Activity at Breedon Group

In related news, insider Clive Watson acquired 3,223 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was bought at an average cost of GBX 450 ($6.09) per share, with a total value of £14,503.50 ($19,620.54). Also, insider James Brotherton sold 43,648 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.82), for a total value of £187,686.40 ($253,904.76). Insiders own 23.90% of the company's stock.

Breedon Group Company Profile

(Get Free Report)

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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