Breedon Group (LON:BREE) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of 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 ($5.65) and traded as high as GBX 479 ($6.20). Breedon Group shares last traded at GBX 472.50 ($6.11), with a volume of 2,405,914 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 520 ($6.73) price objective on shares of Breedon Group in a report on Friday, November 22nd. Berenberg Bank lifted their target price on Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.63) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 575 ($7.44) target price on shares of Breedon Group in a research report on Friday, November 22nd.

Breedon Group Trading Up 1.6 %

The company has a market cap of £1.65 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The firm has a 50-day moving average price of GBX 439.77 and a 200 day moving average price of GBX 437.61. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE) last released 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%. As a group, sell-side 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 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.