Breedon Group (LON:BREE) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Breedon Group plc (LON:BREE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 446.32 ($5.93) and traded as high as GBX 466.40 ($6.20). Breedon Group shares last traded at GBX 458.60 ($6.09), with a volume of 382,352 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Berenberg Bank lifted their price objective on shares of Breedon Group from GBX 540 ($7.17) to GBX 590 ($7.84) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Royal Bank of Canada cut their target price on shares of Breedon Group from GBX 650 ($8.63) to GBX 625 ($8.30) and set an “outperform” rating for the company in a research report on Tuesday, April 15th.

Breedon Group Trading Down 0.6%

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The company has a market cap of £1.58 billion, a PE ratio of 16.42, a P/E/G ratio of 1.56 and a beta of 1.29. The business’s 50-day simple moving average is GBX 449.44 and its 200-day simple moving average is GBX 446.32.

Breedon Group (LON:BREE) last released its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. As a group, analysts expect that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

Breedon Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd were paid a dividend of GBX 10 ($0.13) per share. This is a positive change from Breedon Group’s previous dividend of $4.50. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a dividend yield of 2.09%. Breedon Group’s dividend payout ratio is 50.13%.

Insider Transactions at Breedon Group

In other Breedon Group news, insider Clive Watson purchased 3,223 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of GBX 450 ($5.98) per share, for a total transaction of £14,503.50 ($19,266.07). Also, insider James Brotherton sold 43,648 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.71), for a total transaction of £187,686.40 ($249,317.75). 23.90% of the stock is currently owned by company insiders.

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 1.5bn 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.