Breedon Group (LON:BREE) Price Target Cut to GBX 340 by Analysts at Citigroup

Breedon Group (LON:BREE) had its target price trimmed by Citigroup from GBX 360 to GBX 340 in a research note released on Thursday morning, Marketbeat reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 540 price target on shares of Breedon Group in a research report on Monday, September 8th. Royal Bank Of Canada reduced their target price on shares of Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Peel Hunt restated a “buy” rating and set a GBX 500 price target on shares of Breedon Group in a research report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Breedon Group currently has an average rating of “Moderate Buy” and an average price target of GBX 476.25.

Breedon Group Price Performance

LON:BREE traded down GBX 5.80 during trading hours on Thursday, hitting GBX 328.60. 712,254 shares of the stock were exchanged, compared to its average volume of 2,087,064. The firm’s fifty day moving average price is GBX 339.05 and its 200 day moving average price is GBX 376.76. Breedon Group has a 52-week low of GBX 300 and a 52-week high of GBX 501. The company has a market cap of £1.14 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Insider Activity

In other news, insider Amit Bhatia bought 200,000 shares of Breedon Group stock in a transaction on Tuesday, November 25th. The shares were bought at an average cost of GBX 370 per share, with a total value of £740,000. Also, insider Clive Watson purchased 7,456 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was purchased at an average cost of GBX 317 per share, with a total value of £23,635.52. In the last three months, insiders have bought 207,892 shares of company stock worth $76,508,740. 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.