Breedon Group plc (LON:BREE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 445.53 ($5.92) and traded as high as GBX 469.40 ($6.24). Breedon Group shares last traded at GBX 450 ($5.98), with a volume of 514,787 shares trading hands.
Analysts Set New Price Targets
A number of research firms recently issued reports on BREE. Royal Bank of Canada decreased their target price on Breedon Group from GBX 650 ($8.64) to GBX 625 ($8.30) and set an "outperform" rating for the company in a report on Tuesday, April 15th. Berenberg Bank lifted their target price on Breedon Group from GBX 540 ($7.18) to GBX 590 ($7.84) and gave the company a "buy" rating in a report on Thursday, March 6th.
Read Our Latest Stock Report on Breedon Group
Breedon Group Price Performance
The company has a market capitalization of £1.53 billion, a PE ratio of 15.93, 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 stock has a fifty day simple moving average of GBX 452.17 and a 200-day simple moving average of GBX 445.65.
Breedon Group (LON:BREE - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Equities analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current year.
Breedon Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be issued a dividend of GBX 10 ($0.13) per share. This represents a yield of 2.09%. This is an increase from Breedon Group's previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, April 3rd. Breedon Group's payout ratio is 50.13%.
Insiders Place Their Bets
In other news, insider James Brotherton sold 43,648 shares of Breedon Group stock in a transaction dated Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.71), for a total transaction of £187,686.40 ($249,384.00). Also, insider Clive Watson bought 3,223 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of GBX 450 ($5.98) per share, for a total transaction of £14,503.50 ($19,271.19). 23.90% of the stock is owned by company insiders.
About Breedon Group
(
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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