Brokerages Set Breedon Group plc (LON:BREE) Target Price at GBX 448.33

Breedon Group plc (LON:BREE) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 448.33.

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 475 target price on shares of Breedon Group in a report on Thursday, July 30th. Citigroup cut 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. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 465 price objective on shares of Breedon Group in a research report on Friday, July 31st.

Breedon Group Stock Up 0.5%

BREE stock opened at GBX 345.68 on Thursday. The company’s 50 day simple moving average is GBX 303.26 and its 200-day simple moving average is GBX 316.88. The firm has a market capitalization of £1.20 billion, a PE ratio of 14.28, a P/E/G ratio of 1.56 and a beta of 1.06. Breedon Group has a 12 month low of GBX 271.40 and a 12 month high of GBX 383.80. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12.

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

Insiders Place Their Bets

In other news, insider Clive Watson bought 11,271 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of GBX 301 per share, with a total value of £33,925.71. Over the last three months, insiders have bought 16,411 shares of company stock valued at $4,937,100. Insiders own 23.27% 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.