Breedon Group (LON:BREE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 442.10 ($5.74) and traded as high as GBX 461.50 ($5.99). Breedon Group shares last traded at GBX 448.50 ($5.82), with a volume of 264,993 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on Breedon Group from GBX 540 ($7.01) to GBX 590 ($7.66) and gave the company a “buy” rating in a research report on Thursday, March 6th.

Breedon Group Stock Up 0.4 %

The stock has a market cap of £1.55 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.56 and a beta of 1.29. The business’s 50 day moving average is GBX 451.47 and its 200-day moving average is GBX 442.36. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44.

Breedon Group (LON:BREE) last announced 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%. On average, sell-side analysts predict that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

Breedon Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be given a GBX 10 ($0.13) dividend. This represents a dividend yield of 2.09%. The ex-dividend date is Thursday, April 3rd. This is an increase from Breedon Group’s previous dividend of $4.50. Breedon Group’s dividend payout ratio (DPR) is 50.13%.

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.