Breedon Group (LON:BREE) Stock Passes Above 200 Day Moving Average – What’s Next?

Breedon Group plc (LON:BREE) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

BREE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 520 ($6.71) target price on shares of Breedon Group in a research report on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.42) target price on shares of Breedon Group in a research report on Friday, November 22nd. Finally, Berenberg Bank boosted their target price on Breedon Group from GBX 540 ($6.97) to GBX 590 ($7.62) and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Breedon Group Stock Performance

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

Breedon Group (LON:BREE) last issued its quarterly 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 return on equity of 8.58% and a net margin of 6.34%. On average, equities analysts expect that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

Breedon Group Increases Dividend

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

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 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.