Breedon Group (LON:BREE) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 437.09 ($5.66) and traded as high as GBX 479 ($6.20). Breedon Group shares last traded at GBX 472.50 ($6.12), with a volume of 2,405,914 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on BREE shares. Berenberg Bank upped their price target on shares of Breedon Group from GBX 540 ($6.99) to GBX 590 ($7.64) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 520 ($6.74) price objective on shares of Breedon Group in a research note on Friday, November 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 575 ($7.45) price target on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Price Performance

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 business has a 50 day simple moving average of GBX 438.90 and a 200-day simple moving average of GBX 437.09. The company has a market capitalization of £1.63 billion, a P/E ratio of 16.92, a PEG ratio of 1.56 and a beta of 1.29.

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