Breedon Group (LON:BREE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Breedon Group plc (LON:BREE – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 318.25 and traded as high as GBX 362.40. Breedon Group shares last traded at GBX 360.20, with a volume of 777,503 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on Breedon Group from GBX 310 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Berenberg Bank restated a “buy” rating and issued a GBX 465 price target on shares of Breedon Group in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 475 price target on shares of Breedon Group in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 451.67.

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Breedon Group Stock Performance

The firm has a market capitalization of £1.25 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 62.39, a quick ratio of 1.12 and a current ratio of 1.40. The stock’s fifty day moving average is GBX 320.20 and its two-hundred day moving average is GBX 318.25.

Breedon Group (LON:BREE – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. Analysts forecast that Breedon Group plc will post 36.8586859 earnings per share for the current year.

About Breedon Group

(Get Free Report)

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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group’s two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.

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