Breedon Group (LON:BREE) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 327.09 and traded as high as GBX 334.82. Breedon Group shares last traded at GBX 332.40, with a volume of 608,758 shares changing hands.

Analyst Ratings Changes

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

Breedon Group Price Performance

The company has a 50-day simple moving average of GBX 327.09 and a 200-day simple moving average of GBX 321.45. The stock has a market cap of £1.15 billion, a PE ratio of 14.09, a PEG ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12.

Breedon Group (LON:BREE) last released its earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a return on equity of 6.73% and a net margin of 4.66%. Sell-side analysts anticipate that Breedon Group plc will post 36.86 EPS for the current fiscal year.

Breedon Group Company Profile

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.