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, trading as low as GBX 306 and last changing hands at GBX 311.20, below the GBX 314.29 average.
• Despite the technical weakness, analysts remain broadly positive: five rate the stock Buy and one Hold, producing a consensus “Moderate Buy” rating and a GBX 451.67 target price.
• The company reported quarterly EPS of GBX 9.40, with a 6.73% return on equity and a 4.66% net margin; analysts expect full-year EPS of approximately 36.86 pence.

Breedon Group plc (LON:BREE - Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 314.29 and traded as low as GBX 306. Breedon Group shares last traded at GBX 311.20, with a volume of 463,511 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Breedon Group from GBX 310 to GBX 330 and gave the company a "neutral" rating in a 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 research report on Thursday, July 30th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 465 price objective on shares of Breedon Group in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 451.67.

Breedon Group Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.40 and a debt-to-equity ratio of 62.39. The company has a market cap of £1.08 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a fifty day moving average of GBX 335.18 and a 200 day moving average of GBX 314.29.

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

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 1.7bn 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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