Royal Bank of Canada Cuts Breedon Group (LON:BREE) Price Target to GBX 625

Breedon Group (LON:BREE) had its price objective reduced by Royal Bank of Canada from GBX 650 ($8.62) to GBX 625 ($8.29) in a report issued on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Separately, Berenberg Bank increased their price objective on shares of Breedon Group from GBX 540 ($7.16) to GBX 590 ($7.83) and gave the company a “buy” rating in a research note on Thursday, March 6th.

Breedon Group Stock Down 1.0 %

BREE stock opened at GBX 444.40 ($5.90) on Tuesday. The firm has a market capitalization of £1.53 billion, a PE ratio of 15.91, a P/E/G ratio of 1.56 and a beta of 1.29. 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 356 ($4.72) and a twelve month high of GBX 501 ($6.65). The stock’s 50 day moving average is GBX 451.33 and its 200-day moving average is GBX 443.67.

Breedon Group (LON:BREE) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Sell-side analysts expect that Breedon Group will post 36.8586859 EPS for the current fiscal year.

Breedon Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 3rd will be given a dividend of GBX 10 ($0.13) per share. The ex-dividend date is Thursday, April 3rd. This represents a yield of 2.09%. This is a positive change from Breedon Group’s previous dividend of $4.50. Breedon Group’s dividend payout ratio is presently 50.13%.

Insiders Place Their Bets

In other Breedon Group news, insider James Brotherton sold 43,648 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.71), for a total value of £187,686.40 ($249,020.03). Insiders own 23.90% of the company’s stock.

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.