Breedon Group (LON:BREE) Stock Price Passes Above Two Hundred Day Moving Average of $373.35

Breedon Group plc (LON:BREE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 373.35 ($4.74) and traded as high as GBX 388 ($4.92). Breedon Group shares last traded at GBX 387 ($4.91), with a volume of 354,012 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price objective on shares of Breedon Group from GBX 440 ($5.58) to GBX 460 ($5.84) and gave the stock a “buy” rating in a research note on Thursday, March 7th.

Breedon Group Stock Performance

The company’s 50-day moving average price is GBX 384.40 and its two-hundred day moving average price is GBX 373.58. The company has a market cap of £1.33 billion, a P/E ratio of 1,248.39, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. The company has a current ratio of 1.61, a quick ratio of 1.12 and a debt-to-equity ratio of 26.72.

Insiders Place Their Bets

In other Breedon Group news, insider Rob Wood acquired 10,909 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average cost of GBX 275 ($3.49) per share, for a total transaction of £29,999.75 ($38,056.26). In other news, insider Amit Bhatia acquired 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was acquired at an average cost of GBX 385 ($4.88) per share, for a total transaction of £5,775,000 ($7,325,891.16). Also, insider Rob Wood bought 10,909 shares of the stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of GBX 275 ($3.49) per share, for a total transaction of £29,999.75 ($38,056.26). Insiders bought a total of 3,860,909 shares of company stock worth $1,483,049,975 over the last ninety days. 22.92% of the stock is currently owned by company insiders.

About Breedon Group

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.