Breedon Group (LON:BREE) Stock Price Passes Above Two Hundred Day Moving Average of $371.87

Breedon Group plc (LON:BREE) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 371.87 ($4.73) and traded as high as GBX 390 ($4.96). Breedon Group shares last traded at GBX 386 ($4.90), with a volume of 808,059 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their target price on shares of Breedon Group from GBX 440 ($5.59) to GBX 460 ($5.84) and gave the stock a “buy” rating in a research note on Thursday, March 7th.

Breedon Group Price Performance

The stock has a 50-day simple moving average of GBX 382.33 and a 200 day simple moving average of GBX 371.87. The company has a market cap of £1.35 billion, a PE ratio of 1,245.16, a P/E/G ratio of 1.56 and a beta of 1.17. The company has a quick ratio of 1.12, a current ratio of 1.61 and a debt-to-equity ratio of 26.72.

Insider Buying and Selling at Breedon Group

In related news, insider Amit Bhatia bought 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average price of GBX 385 ($4.89) per share, for a total transaction of £5,775,000 ($7,337,992.38). In other news, insider Amit Bhatia bought 1,500,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average cost of GBX 385 ($4.89) per share, with a total value of £5,775,000 ($7,337,992.38). Also, insider Rob Wood sold 43,715 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of GBX 376 ($4.78), for a total transaction of £164,368.40 ($208,854.38). Insiders have purchased 3,860,909 shares of company stock valued at $1,483,049,975 over the last 90 days. 22.92% of the stock is owned by insiders.

About Breedon Group

Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.