Breedon Group (LON:BREE) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• Breedon Group shares fell below their 200-day moving average of GBX 315.95, reaching GBX 310.60 before last trading at GBX 315.64 on substantial volume.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus and an average price target of GBX 451.67, well above its recent trading level.
• Breedon reported quarterly EPS of GBX 9.40, with a 4.66% net margin and 6.73% return on equity; analysts expect full-year EPS of approximately GBX 36.86.

Breedon Group plc (LON:BREE - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 315.95 and traded as low as GBX 310.60. Breedon Group shares last traded at GBX 315.64, with a volume of 2,247,372 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Breedon Group from GBX 310 to GBX 330 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 475 price objective on shares of Breedon Group in a report on Thursday, July 30th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 465 target price on shares of Breedon Group in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Breedon Group presently has an average rating of "Moderate Buy" and an average target price of GBX 451.67.

Breedon Group Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.12 and a debt-to-equity ratio of 62.39. The stock has a market cap of £1.10 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.56 and a beta of 1.08. The stock's 50 day moving average is GBX 332.54 and its two-hundred day moving average is GBX 315.95.

Breedon Group (LON:BREE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. Analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group's two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.

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