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

Breedon Group (LON:BREE)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 500 price target on the stock. Peel Hunt’s target price indicates a potential upside of 61.19% from the stock’s previous close.

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

Breedon Group Stock Down 1.8%

Shares of Breedon Group stock traded down GBX 5.80 during trading on Thursday, hitting GBX 310.20. The company’s stock had a trading volume of 8,565,877 shares, compared to its average volume of 1,912,430. Breedon Group has a 52 week low of GBX 300 and a 52 week high of GBX 501. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The company has a fifty day simple moving average of GBX 343.46 and a two-hundred day simple moving average of GBX 381.35. The company has a market capitalization of £1.07 billion, a PE ratio of 11.93, a P/E/G ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling at Breedon Group

In other Breedon Group news, insider Clive Watson purchased 436 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of GBX 333 per share, for a total transaction of £1,451.88. Also, insider Amit Bhatia acquired 150,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average price of GBX 393 per share, for a total transaction of £589,500. Corporate insiders own 42.37% 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.