Breedon Group (LON:BREE) Stock Breaks Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Breedon Group shares fell below their 200-day moving average, trading as low as GBX 305.40 versus the average of GBX 314.71, before closing at GBX 308.60.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating. The consensus rating is “Moderate Buy,” with an average price target of GBX 451.67, well above the latest share price.
• The company reported quarterly EPS of GBX 9.40, alongside a 6.73% return on equity and 4.66% net margin; its market capitalization is approximately £1.07 billion.

Breedon Group plc (LON:BREE - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 314.71 and traded as low as GBX 305.40. Breedon Group shares last traded at GBX 308.60, with a volume of 790,656 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup upped their target price on Breedon Group from GBX 310 to GBX 330 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Berenberg Bank reiterated a "buy" rating and set a GBX 465 price target on shares of Breedon Group in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 475 price target on shares of Breedon Group in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Breedon Group has an average rating of "Moderate Buy" and a consensus price target of GBX 451.67.

Breedon Group Trading Up 0.9%

The company has a fifty day simple moving average of GBX 334.13 and a two-hundred day simple moving average of GBX 314.71. The company has a market capitalization of £1.07 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12.

Breedon Group (LON:BREE - Get Free Report) last issued its quarterly earnings data 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, analysts forecast 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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