Breedon Group (LON:BREE) Hits New 52-Week Low – Should You Sell?

Breedon Group plc (LON:BREE)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 377 ($5.15) and last traded at GBX 382.20 ($5.22), with a volume of 3631369 shares changing hands. The stock had previously closed at GBX 377.80 ($5.16).

Analysts Set New Price Targets

A number of brokerages have issued reports on BREE. Berenberg Bank lifted their target price on shares of Breedon Group from GBX 540 ($7.38) to GBX 590 ($8.06) and gave the company a “buy” rating in a research note on Thursday, March 6th. Royal Bank Of Canada cut their price target on shares of Breedon Group from GBX 650 ($8.88) to GBX 625 ($8.54) and set an “outperform” rating on the stock in a report on Tuesday, April 15th.

Breedon Group Stock Up 0.8%

The firm has a market cap of £1.31 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.56 and a beta of 1.29. The business’s fifty day moving average price is GBX 441.79 and its two-hundred day moving average price is GBX 443.84. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Insider Activity

In related news, insider James Brotherton sold 43,648 shares of Breedon Group stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.88), for a total value of £187,686.40 ($256,437.22). Also, insider Clive Watson bought 621 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of GBX 431 ($5.89) per share, for a total transaction of £2,676.51 ($3,656.93). 23.90% of the stock is owned by 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.