Breedon Group plc (LON:BREE – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 355.35 ($4.42) and traded as high as GBX 376 ($4.68). Breedon Group shares last traded at GBX 372 ($4.63), with a volume of 426,187 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank increased their target price on Breedon Group from GBX 440 ($5.48) to GBX 460 ($5.73) and gave the company a “buy” rating in a research note on Thursday, March 7th.
Read Our Latest Research Report on BREE
Breedon Group Trading Down 1.5 %
Breedon Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be given a GBX 9.50 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.54%. This is a boost from Breedon Group’s previous dividend of $4.00. Breedon Group’s dividend payout ratio is currently 4,516.13%.
Insider Activity at Breedon Group
In other news, insider Amit Bhatia acquired 1,500,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was acquired at an average price of GBX 385 ($4.79) per share, for a total transaction of £5,775,000 ($7,189,094.98). 21.23% of the stock is owned by corporate insiders.
About Breedon Group
Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.
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