Breedon Group (LON:BREE) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 425.43 ($5.23) and traded as low as GBX 423 ($5.20). Breedon Group shares last traded at GBX 425.50 ($5.24), with a volume of 886,328 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BREE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.40) price objective on shares of Breedon Group in a research report on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.08) price target on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Stock Up 0.6 %

The stock has a market cap of £1.43 billion, a price-to-earnings ratio of 1,484.36, a PEG ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.85. The business’s fifty day moving average is GBX 450.49 and its two-hundred day moving average is GBX 425.35.

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 shares were bought at an average cost of GBX 457 ($5.62) per share, for a total transaction of £1,192.77 ($1,467.66). 23.90% of the stock is owned by company insiders.

Breedon Group Company Profile

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.