Citigroup Cuts Breedon Group (LON:BREE) Price Target to GBX 360

Breedon Group (LON:BREE) had its price target reduced by Citigroup from GBX 410 to GBX 360 in a research report report published on Wednesday, Marketbeat reports. They currently have a neutral rating on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 540 price target on shares of Breedon Group in a research note on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Breedon Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 511.25.

Breedon Group Stock Up 1.7%

BREE opened at GBX 352.20 on Wednesday. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. Breedon Group has a fifty-two week low of GBX 323.50 and a fifty-two week high of GBX 501. The firm’s fifty day moving average is GBX 356.27 and its 200 day moving average is GBX 395.31. The stock has a market cap of £1.22 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last released its earnings results on Wednesday, July 23rd. The company reported GBX 11.20 earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. On average, sell-side analysts forecast that Breedon Group will post 36.8586859 earnings per share for the current fiscal year.

Insider Activity

In other Breedon Group news, insider Clive Watson bought 1,223 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of GBX 371 per share, for a total transaction of £4,537.33. Also, insider Amit Bhatia bought 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of GBX 393 per share, for a total transaction of £589,500. 42.37% of the stock is currently owned by corporate insiders.

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.