Breedon Group (LON:BREE) Stock Passes Below 200-Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 427.47 ($5.34) and traded as low as GBX 426.50 ($5.33). Breedon Group shares last traded at GBX 430.95 ($5.38), with a volume of 575,251 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on BREE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 520 ($6.49) target price on shares of Breedon Group in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.18) price objective on shares of Breedon Group in a research report on Friday, November 22nd.

Breedon Group Price Performance

The company has a debt-to-equity ratio of 44.85, a quick ratio of 1.12 and a current ratio of 1.44. The business’s fifty day simple moving average is GBX 443.71 and its 200 day simple moving average is GBX 428.10. The stock has a market cap of £1.47 billion, a price-to-earnings ratio of 1,525.00, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Insider Transactions at Breedon Group

In related news, insider Clive Watson bought 261 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 457 ($5.71) per share, with a total value of £1,192.77 ($1,489.29). Corporate insiders own 23.90% 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 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.