Breedon Group (LON:BREE) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Breedon Group (LON:BREE) in a report issued on Monday morning,London Stock Exchange reports. Berenberg Bank currently has a GBX 540 price objective on the stock.

Breedon Group Price Performance

LON:BREE opened at GBX 371 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The business’s 50-day simple moving average is GBX 373.70 and its two-hundred day simple moving average is GBX 419.95. The stock has a market cap of £1.29 billion, a PE ratio of 1,426.92, a P/E/G ratio of 1.56 and a beta of 1.29. Breedon Group has a 52 week low of GBX 344 and a 52 week high of GBX 501.

Breedon Group (LON:BREE) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 11.20 earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. As a group, analysts forecast that Breedon Group will post 36.8586859 EPS for the current fiscal year.

Insider Activity at Breedon Group

In other Breedon Group news, insider James Brotherton acquired 7,033 shares of Breedon Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was bought at an average price of GBX 354 per share, with a total value of £24,896.82. Also, insider Clive Watson purchased 1,223 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of GBX 371 per share, for a total transaction of £4,537.33. Over the last ninety days, insiders bought 179,903 shares of company stock worth $69,698,506. 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.