Breedon Group (LON:BREE) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Breedon Group plc (LON:BREE)’s share price crossed 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.

Analyst Upgrades and Downgrades

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

Breedon Group Price Performance

The company has a market cap of £1.55 billion, a PE ratio of 16.11, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The stock has a 50-day simple moving average of GBX 451.47 and a 200 day simple moving average of GBX 442.36.

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

Breedon Group Increases Dividend

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