Breedon Group (LON:BREE) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Breedon Group shares crossed above their 50-day moving average, reaching GBX 334.82 before last trading at GBX 332.40 on volume of 608,758 shares.
• Analyst sentiment remains positive: five analysts rate the stock a Buy and one a Hold, resulting in a consensus “Moderate Buy” rating and a GBX 451.67 average price target.
• The company reported quarterly earnings of GBX 9.40 per share, while analysts expect full-year earnings of GBX 36.86 per share; Breedon has a £1.15 billion market capitalization and a 14.09 price-to-earnings ratio.

Breedon Group plc (LON:BREE - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 327.09 and traded as high as GBX 334.82. Breedon Group shares last traded at GBX 332.40, with a volume of 608,758 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on BREE. Berenberg Bank reissued a "buy" rating and issued a GBX 465 price objective on shares of Breedon Group in a report on Friday, July 31st. Citigroup increased their price target on shares of Breedon Group from GBX 310 to GBX 330 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 475 price target on shares of Breedon Group in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 451.67.

Breedon Group Stock Performance

The firm's fifty day moving average price is GBX 327.09 and its 200-day moving average price is GBX 321.45. 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 firm has a market cap of £1.15 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.56 and a beta of 1.08.

Breedon Group (LON:BREE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 9.40 earnings per share for the quarter. Breedon Group had a return on equity of 6.73% and a net margin of 4.66%. Analysts expect that Breedon Group plc will post 36.86 earnings per share for the current 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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