Breedon Group (LON:BREE) Shares Down 10.2% - Should You Sell?

Shares of Breedon Group plc (LON:BREE - Get Free Report) fell 10.2% during mid-day trading on Friday . The stock traded as low as GBX 378.77 ($5.13) and last traded at GBX 386.20 ($5.23). 3,015,922 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 1,974,692 shares. The stock had previously closed at GBX 430.14 ($5.82).

Analyst Ratings Changes

Several brokerages recently issued reports on BREE. Berenberg Bank boosted their price target on Breedon Group from GBX 540 ($7.31) to GBX 590 ($7.99) and gave the company a "buy" rating in a research note on Thursday, March 6th. Royal Bank Of Canada cut their price target on Breedon Group from GBX 650 ($8.80) to GBX 625 ($8.46) and set an "outperform" rating for the company in a research note on Tuesday, April 15th.

Breedon Group Stock Down 2.2%

The company has a market capitalization of £1.32 billion, a P/E ratio of 13.68, a PEG 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 stock has a 50 day moving average price of GBX 445.70 and a 200 day moving average price of GBX 445.29.

Insider Activity

In related news, insider Clive Watson acquired 621 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average cost of GBX 431 ($5.84) per share, for a total transaction of £2,676.51 ($3,623.76). Also, insider James Brotherton sold 43,648 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.82), for a total value of £187,686.40 ($254,111.02). 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.