Breedon Group (LON:BREE) Stock Crosses Above 200 Day Moving Average - Here's Why

Breedon Group logo with Basic Materials background

Breedon Group plc (LON:BREE - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 429.04 ($5.35) and traded as high as GBX 437.50 ($5.46). Breedon Group shares last traded at GBX 436 ($5.44), with a volume of 278,529 shares traded.

Analyst Ratings Changes

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

Read Our Latest Report on Breedon Group

Breedon Group Trading Up 0.7 %

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.85. The stock has a market cap of £1.49 billion, a price-to-earnings ratio of 1,544.64, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a fifty day simple moving average of GBX 442.01 and a 200-day simple moving average of GBX 429.73.

Insider Transactions at Breedon Group

In other Breedon Group news, insider Clive Watson acquired 261 shares of Breedon Group stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of GBX 457 ($5.70) per share, with a total value of £1,192.77 ($1,488.73). 23.90% of the stock is currently owned by insiders.

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 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.

Further Reading

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