Breedon Group (LON:BREE) Receives Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Breedon Group (LON:BREE) in a research note published on Thursday, MarketBeat Ratings reports. They currently have a GBX 500 price objective on the stock.

Several other research analysts have also recently weighed in on BREE. Royal Bank Of Canada decreased their price target on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a report on Friday, November 7th. Citigroup lowered their price objective on shares of Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 540 price target on shares of Breedon Group in a research note on Monday, September 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Breedon Group has an average rating of “Moderate Buy” and an average target price of GBX 489.

Breedon Group Trading Up 1.7%

Shares of BREE opened at GBX 315.20 on Thursday. The business’s 50-day moving average price is GBX 342.41 and its 200-day moving average price is GBX 380.89. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. Breedon Group has a twelve month low of GBX 300 and a twelve month high of GBX 501. The stock has a market cap of £1.09 billion, a PE ratio of 12.12, a P/E/G ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling at Breedon Group

In other news, insider Clive Watson purchased 7,456 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of GBX 317 per share, for a total transaction of £23,635.52. Also, insider Amit Bhatia purchased 150,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of GBX 393 per share, with a total value of £589,500. Over the last ninety days, insiders purchased 157,892 shares of company stock worth $61,458,740. 42.37% 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.