Breedon Group (LON:BREE) Trading Down 10.2% - Here's Why

Breedon Group plc (LON:BREE - Get Free Report) shares fell 10.2% during mid-day trading on Thursday . The stock traded as low as GBX 378.77 ($5.10) and last traded at GBX 386.20 ($5.20). 3,015,922 shares changed 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 ($5.79).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BREE shares. Royal Bank Of Canada lowered their target price on Breedon Group from GBX 650 ($8.75) to GBX 625 ($8.42) and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Berenberg Bank lifted their target price on Breedon Group from GBX 540 ($7.27) to GBX 590 ($7.95) and gave the company a "buy" rating in a research note on Thursday, March 6th.

Breedon Group Stock Down 10.2%

The stock has a 50-day moving average of GBX 447.58 and a 200-day moving average of GBX 446.50. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of £1.33 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling

In other Breedon Group news, insider Clive Watson acquired 3,223 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of GBX 450 ($6.06) per share, with a total value of £14,503.50 ($19,530.70). Also, 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 ($5.79), for a total value of £187,686.40 ($252,742.26). 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.

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