Breedon Group (LON:BREE – Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 14.50 ($0.19) EPS for the quarter, reports. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%.
Breedon Group Stock Up 1.9 %
LON BREE traded up GBX 9 ($0.12) during trading on Friday, reaching GBX 487 ($6.28). 53,830,113 shares of the company’s stock traded hands, compared to its average volume of 2,832,659. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company’s 50 day simple moving average is GBX 435.67 and its two-hundred day simple moving average is GBX 434.79. Breedon Group has a 12-month low of GBX 356 ($4.59) and a 12-month high of GBX 501 ($6.46).
Analysts Set New Price Targets
Several equities analysts have weighed in on BREE shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 575 ($7.41) price target on shares of Breedon Group in a report on Friday, November 22nd. Berenberg Bank upped their target price on shares of Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the stock a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.70) price target on shares of Breedon Group in a research note on Friday, November 22nd.
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 1bn 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.
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