Breedon Group (LON:BREE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Breedon Group plc (LON:BREE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 442.10 ($5.71) and traded as high as GBX 461.50 ($5.96). Breedon Group shares last traded at GBX 448.50 ($5.79), with a volume of 264,993 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on shares of Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.62) and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Breedon Group Trading Down 2.5 %

The company has a fifty day simple moving average of GBX 451.02 and a two-hundred day simple moving average of GBX 442.10. The company has a market capitalization of £1.54 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12.

Breedon Group (LON:BREE) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. On average, analysts forecast that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

Breedon Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be paid a GBX 10 ($0.13) dividend. This represents a dividend yield of 2.09%. This is a boost from Breedon Group’s previous dividend of $4.50. The ex-dividend date is Thursday, April 3rd. Breedon Group’s payout ratio is presently 50.13%.

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 1.5bn 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.