Breedon Group (LON:BREE) Stock Price Down 10.2% - Time to Sell?

Shares of Breedon Group plc (LON:BREE - Get Free Report) dropped 10.2% on Thursday . The company traded as low as GBX 378.77 ($5.08) and last traded at GBX 386.20 ($5.18). Approximately 3,015,922 shares traded hands during trading, an increase of 53% from the average daily volume of 1,974,692 shares. The stock had previously closed at GBX 430.14 ($5.77).

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BREE shares. Royal Bank Of Canada reduced their price objective on shares of Breedon Group from GBX 650 ($8.73) to GBX 625 ($8.39) and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Berenberg Bank increased their price target on Breedon Group from GBX 540 ($7.25) to GBX 590 ($7.92) and gave the company a "buy" rating in a research note on Thursday, March 6th.

Breedon Group Trading Up 1.1%

The company has a market capitalization of £1.34 billion, a P/E ratio of 13.98, a PEG ratio of 1.56 and a beta of 1.29. The business has a 50 day moving average price of GBX 445.70 and a 200 day moving average price of GBX 445.41. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Insider Activity at Breedon Group

In other Breedon Group news, insider Clive Watson acquired 3,223 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of GBX 450 ($6.04) per share, with a total value of £14,503.50 ($19,470.40). Also, insider James Brotherton sold 43,648 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.77), for a total value of £187,686.40 ($251,961.87). Corporate insiders own 23.90% of the company's stock.

About Breedon Group

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.