Citigroup Raises Breedon Group (LON:BREE) Price Target to GBX 330

Breedon Group (LON:BREE) had its price target upped by research analysts at Citigroup from GBX 310 to GBX 330 in a research report issued on Thursday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target suggests a potential downside of 4.53% from the company’s current price.

Several other research analysts have also commented on BREE. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 475 price target on shares of Breedon Group in a report on Thursday, July 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 465 price objective on shares of Breedon Group in a research report on Friday, July 31st. Five 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.com, Breedon Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 451.67.

Breedon Group Stock Performance

Breedon Group stock opened at GBX 345.65 on Thursday. The company has a market cap of £1.20 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth 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. The stock’s 50-day moving average is GBX 303.26 and its 200-day moving average is GBX 316.88.

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

Insider Activity at Breedon Group

In related news, insider Clive Watson bought 11,271 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of GBX 301 per share, with a total value of £33,925.71. Insiders bought a total of 16,411 shares of company stock worth $4,937,100 in the last 90 days. 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.