Breedon Group (LON:BREE) Hits New 1-Year Low – Time to Sell?

Breedon Group plc (LON:BREE) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 323.40 and last traded at GBX 323.40, with a volume of 280597 shares. The stock had previously closed at GBX 332.80.

Wall Street Analyst Weigh In

BREE has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Berenberg Bank restated a “buy” rating and issued a GBX 540 price target on shares of Breedon Group in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 511.25.

Breedon Group Stock Performance

The stock has a market cap of £1.12 billion, a PE ratio of 12.39, a P/E/G ratio of 1.56 and a beta of 1.29. The firm’s 50-day moving average is GBX 351.09 and its 200 day moving average is GBX 389.07. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44.

Insider Transactions at Breedon Group

In other Breedon Group news, insider Clive Watson purchased 1,223 shares of Breedon Group stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of GBX 371 per share, with a total value of £4,537.33. Also, insider Amit Bhatia bought 150,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of GBX 393 per share, for a total transaction of £589,500. 42.37% of the stock is owned by company insiders.

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 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.