Breedon Group (LON:BREE) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 442.10 ($5.71) and traded as high as GBX 461.50 ($5.96). Breedon Group shares last traded at GBX 448.50 ($5.79), with a volume of 264,993 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their target price on Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.62) and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Breedon Group Stock Down 2.5 %

The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The firm has a market capitalization of £1.54 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The business’s 50-day moving average price is GBX 451.02 and its 200-day moving average price is GBX 442.10.

Breedon Group (LON:BREE) last released its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. As a group, equities research analysts predict that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

Breedon Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be paid a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a yield of 2.09%. This is an increase from Breedon Group’s previous dividend of $4.50. Breedon Group’s payout ratio is 50.13%.

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 1.5bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services, including specialty materials, surfacing and highway maintenance operations, to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants.