Breedon Group (LON:BREE) Reaches New 52-Week Low – Here’s What Happened

Shares of Breedon Group plc (LON:BREE) reached a new 52-week low on Friday . The stock traded as low as GBX 321.80 and last traded at GBX 322.40, with a volume of 574997 shares traded. The stock had previously closed at GBX 332.40.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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. Citigroup decreased their price objective on Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada cut their target price on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 486.25.

Breedon Group Trading Down 3.6%

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 stock has a market capitalization of £1.11 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The business’s 50-day moving average is GBX 347.62 and its two-hundred day moving average is GBX 385.14.

Insider Activity

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