Breedon Group (LON:BREE) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Breedon Group plc (LON:BREE) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 314.29 and traded as low as GBX 306. Breedon Group shares last traded at GBX 311.20, with a volume of 463,511 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BREE. Berenberg Bank reaffirmed a “buy” rating and set a GBX 465 price target on shares of Breedon Group in a report on Friday, July 31st. Citigroup lifted their price objective on shares of Breedon Group from GBX 310 to GBX 330 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 475 price objective on shares of Breedon Group in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Breedon Group presently has an average rating of “Moderate Buy” and an average target price of GBX 451.67.

Breedon Group Stock Down 0.8%

The company has a market capitalization of £1.06 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12. The firm’s fifty day moving average price is GBX 334.84 and its 200-day moving average price is GBX 314.13.

Breedon Group (LON:BREE) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 9.40 earnings per share for the quarter. Breedon Group had a return on equity of 6.73% and a net margin of 4.66%. Sell-side analysts expect that Breedon Group plc will post 36.8586859 earnings per share 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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group’s two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.