Breedon Group (LON:BREE) Stock Passes Above 200-Day Moving Average – Should You Sell?

Breedon Group plc (LON:BREE)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 439.98 ($5.68) and traded as high as GBX 477.50 ($6.17). Breedon Group shares last traded at GBX 473.50 ($6.11), with a volume of 1,486,555 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on shares of Breedon Group from GBX 540 ($6.97) to GBX 590 ($7.62) and gave the stock a “buy” rating in a research note on Thursday, March 6th.

Breedon Group Stock Down 0.5 %

The stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The firm has a 50-day moving average of GBX 445.33 and a 200 day moving average of GBX 439.98. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE) last announced its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. On average, sell-side analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current year.

Breedon Group Increases Dividend

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