Breedon Group (LON:BREE) Hits New 1-Year Low – Time to Sell?

Breedon Group plc (LON:BREE) reached a new 52-week low during trading on Friday . The company traded as low as GBX 323.40 and last traded at GBX 323.40, with a volume of 280597 shares changing hands. The stock had previously closed at GBX 332.80.

Analysts Set New Price Targets

BREE has been the subject of several research reports. Citigroup lowered their price target on shares of Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Berenberg Bank restated a “buy” rating and set a GBX 540 target price on shares of Breedon Group in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 511.25.

Breedon Group Trading Down 3.2%

The stock’s fifty day simple moving average is GBX 351.09 and its 200-day simple moving average is GBX 389.07. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of £1.12 billion, a PE ratio of 12.39, a PEG ratio of 1.56 and a beta of 1.29.

Insiders Place Their Bets

In related news, insider Clive Watson acquired 1,223 shares of Breedon Group stock in a transaction on Tuesday, August 12th. The stock was acquired at an average price of GBX 371 per share, for a total transaction of £4,537.33. Also, insider Amit Bhatia acquired 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of GBX 393 per share, with a total value of £589,500. Insiders own 42.37% of the company’s stock.

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 1.5bn 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.