Breedon Group (LON:BREE) Receives Buy Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Breedon Group (LON:BREE) in a research report released on Friday morning,Digital Look reports. The firm currently has a GBX 465 price objective on the stock.

A number of other brokerages have also recently issued reports on BREE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 475 price objective on shares of Breedon Group in a research note on Thursday. Citigroup reduced their price target on Breedon Group from GBX 340 to GBX 310 and set a “neutral” rating for the company in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 448.33.

Breedon Group Price Performance

BREE stock opened at GBX 331 on Friday. The firm has a 50 day moving average price of GBX 300.26 and a 200-day moving average price of GBX 316.74. Breedon Group has a 52-week low of GBX 271.40 and a 52-week high of GBX 383.80. The firm has a market capitalization of £1.15 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 62.39, a quick ratio of 1.12 and a current ratio of 1.40.

Breedon Group (LON:BREE) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a return on equity of 6.73% and a net margin of 4.66%. Equities research analysts forecast that Breedon Group will post 36.8586859 EPS for the current fiscal year.

Insider Activity

In other news, insider Clive Watson purchased 11,271 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of GBX 301 per share, for a total transaction of £33,925.71. Insiders have purchased a total of 16,411 shares of company stock valued at $4,937,100 in the last 90 days. Corporate insiders own 23.27% of the company’s stock.

About Breedon Group

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.