Breedon Group (LON:BREE) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 314.71 and traded as low as GBX 305.40. Breedon Group shares last traded at GBX 308.60, with a volume of 790,656 shares changing hands.

Analyst Ratings Changes

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

Breedon Group Stock Up 0.9%

The firm has a 50-day simple moving average of GBX 334.13 and a 200 day simple moving average of GBX 314.71. The stock has a market capitalization of £1.07 billion, a P/E ratio of 13.08, 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.

Breedon Group (LON:BREE) last released its quarterly earnings results 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%. On average, equities research analysts forecast that Breedon Group plc will post 36.8586859 EPS for the current year.

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 1.7bn 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.