Breedon Group (LON:BREE) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 427.47 ($5.28) and traded as low as GBX 426.50 ($5.27). Breedon Group shares last traded at GBX 430.95 ($5.32), with a volume of 575,251 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 520 ($6.42) price target on shares of Breedon Group in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 575 ($7.10) price target on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Price Performance

The firm has a market cap of £1.48 billion, a PE ratio of 1,539.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.85. The company has a 50 day moving average price of GBX 444.57 and a 200 day moving average price of GBX 427.47.

Insider Buying and Selling

In related news, insider Clive Watson acquired 261 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of GBX 457 ($5.64) per share, for a total transaction of £1,192.77 ($1,473.28). 23.90% of the stock is currently owned by insiders.

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 1bn 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.