Breedon Group (LON:BREE) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Breedon Group plc (LON:BREE) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 427.47 ($5.34) and traded as low as GBX 426.50 ($5.33). Breedon Group shares last traded at GBX 430.95 ($5.38), with a volume of 575,251 shares trading hands.

Analyst Ratings Changes

BREE has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 575 ($7.18) price objective on shares of Breedon Group in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.49) price objective on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Stock Performance

The firm’s 50 day simple moving average is GBX 443.71 and its 200-day simple moving average is GBX 428.10. The company has a market capitalization of £1.47 billion, a price-to-earnings ratio of 1,525.00, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.85, a quick ratio of 1.12 and a current ratio of 1.44.

Insider Activity at Breedon Group

In related news, insider Clive Watson bought 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 ($5.71) per share, for a total transaction of £1,192.77 ($1,489.29). Insiders own 23.90% of the company’s stock.

About Breedon Group

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.