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

Breedon Group plc (LON:BREE)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 425.43 ($5.31) and traded as low as GBX 423 ($5.28). Breedon Group shares last traded at GBX 425.50 ($5.31), with a volume of 886,328 shares.

Analysts Set New Price Targets

A number of analysts recently issued reports on BREE shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.17) target price on shares of Breedon Group in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 520 ($6.49) price objective on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Stock Down 0.7 %

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.85. The firm’s 50 day moving average price is GBX 451.33 and its two-hundred day moving average price is GBX 425.43. The company has a market capitalization of £1.45 billion, a price-to-earnings ratio of 1,509.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Insiders Place Their Bets

In other Breedon Group news, insider Clive Watson purchased 261 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of GBX 457 ($5.70) per share, with a total value of £1,192.77 ($1,487.99). Company insiders own 23.90% of the company’s stock.

About Breedon Group

Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.