Breedon Group (LON:BREE) Insider Clive Watson Acquires 715 Shares of Stock

Breedon Group plc (LON:BREE) insider Clive Watson purchased 715 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were acquired at an average cost of GBX 329 per share, for a total transaction of £2,352.35.

Breedon Group Stock Down 1.1%

Shares of LON BREE traded down GBX 3.60 during mid-day trading on Friday, hitting GBX 326.40. The company had a trading volume of 527,463 shares, compared to its average volume of 5,643,502. The company has a market capitalization of £1.13 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12. The firm has a 50-day simple moving average of GBX 324.09 and a two-hundred day simple moving average of GBX 321.58. The company has a current ratio of 1.40, a quick ratio of 1.12 and a debt-to-equity ratio of 62.39. Breedon Group plc has a one year low of GBX 271.40 and a one year high of GBX 368.

Analysts Set New Price Targets

A number of research firms have weighed in on BREE. Berenberg Bank restated a “buy” rating and issued a GBX 465 price target on shares of Breedon Group in a research note on Friday, July 31st. Citigroup increased their price objective on Breedon Group from GBX 310 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 475 target price on shares of Breedon Group in a research note on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Breedon Group has an average rating of “Moderate Buy” and a consensus target price of GBX 437.

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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group’s two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.