Breedon Group (LON:BREE) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Breedon Group plc (LON:BREE)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 354.03 and traded as low as GBX 323. Breedon Group shares last traded at GBX 326.20, with a volume of 8,350,606 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BREE shares. Citigroup lowered their price objective on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating on the stock in a research note on Thursday, November 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 540 price target on shares of Breedon Group in a research report on Monday, September 8th. Peel Hunt reiterated a “buy” rating and set a GBX 500 price objective on shares of Breedon Group in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada reduced their target price on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Breedon Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 476.25.

Breedon Group Stock Down 0.9%

The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market cap of £1.13 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.56 and a beta of 1.29. The firm’s 50-day simple moving average is GBX 329.01 and its two-hundred day simple moving average is GBX 353.49.

Insider Buying and Selling at Breedon Group

In other Breedon Group news, insider Amit Bhatia sold 200,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of GBX 393, for a total value of £786,000. Also, insider Clive Watson acquired 7,456 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of GBX 317 per share, with a total value of £23,635.52. In the last ninety days, insiders have acquired 207,892 shares of company stock worth $76,508,740. Company insiders own 42.58% of the company’s stock.

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.