Breedon Group (LON:BREE) Hits New 52-Week High – What’s Next?

Breedon Group plc (LON:BREE)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 483.50 ($6.23) and last traded at GBX 482.50 ($6.22), with a volume of 4677263 shares changing hands. The stock had previously closed at GBX 427.50 ($5.51).

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 520 ($6.70) target price on shares of Breedon Group in a research report on Friday, November 22nd. Berenberg Bank increased their target price on shares of Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.41) price target on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Price Performance

The stock has a market capitalization of £1.63 billion, a P/E ratio of 16.97, a PEG ratio of 1.56 and a beta of 1.29. The business has a fifty day simple moving average of GBX 435.67 and a 200-day simple moving average of GBX 434.79. 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 (LON:BREE) last posted its quarterly earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Sell-side analysts expect that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

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 1bn 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.