Clive Watson, an insider at Breedon Group plc, made a significant investment in the company by purchasing 7,456 shares on November 20, 2023. The transaction was executed at an average price of GBX 317 per share, totaling £23,635.52. This move underscores Watson’s confidence in the company’s future performance.
Current Stock Performance
On November 20, Breedon Group’s stock opened at GBX 319.60. The company has experienced notable fluctuations over the past year, with a 52-week low of GBX 300 and a high of GBX 501. Key financial metrics show that Breedon Group has a market capitalization of approximately £1.11 billion, a price-to-earnings (P/E) ratio of 12.29, and a beta of 1.29, indicating a higher volatility compared to the market.
The company’s financial health is further illustrated by its debt-to-equity ratio of 44.86, a quick ratio of 1.12, and a current ratio of 1.44. The stock’s 50-day simple moving average stands at GBX 341.45, while the 200-day simple moving average is at GBX 379.03.
About Breedon Group
Breedon Group plc is recognized as a leading vertically integrated construction materials company operating in Great Britain, Ireland, and the USA. The firm delivers essential products to the construction sector, boasting 1.5 billion tonnes of mineral reserves and resources. With a long reserve life, Breedon supplies a variety of value-added products and services. These include specialty materials, surfacing solutions, and highway maintenance operations, catering to a wide range of customers through an extensive network of quarries, ready-mixed concrete, and asphalt plants.
As the construction industry continues to evolve, Breedon Group’s strategic positioning and resource base could play a critical role in its ongoing success. Investors and analysts alike will be closely watching how the company’s performance develops in the coming quarters.
