Breedon Group (LON:BREE) Receives “Buy” Rating from Berenberg Bank

Breedon Group (LON:BREE)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Wednesday,Digital Look reports. They currently have a GBX 465 target price on the stock. Berenberg Bank’s target price indicates a potential upside of 63.39% from the company’s current price.

Separately, Stifel Nicolaus reduced their target price on shares of Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a report on Tuesday, March 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 449.

Breedon Group Price Performance

Shares of LON:BREE opened at GBX 284.60 on Wednesday. Breedon Group has a fifty-two week low of GBX 271.40 and a fifty-two week high of GBX 461. The firm has a market cap of £986.64 million, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 53.71, a quick ratio of 1.12 and a current ratio of 1.35. The business has a 50-day simple moving average of GBX 299.99 and a two-hundred day simple moving average of GBX 322.29.

Breedon Group (LON:BREE) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 31.80 EPS for the quarter. Breedon Group had a net margin of 4.89% and a return on equity of 7.14%. On average, analysts expect that Breedon Group will post 36.8586859 earnings per share for the current year.

Insider Buying and Selling

In related news, insider James Brotherton sold 19,318 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of GBX 314, for a total value of £60,658.52. Also, insider Clive Watson bought 2,611 shares of Breedon Group stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of GBX 300 per share, with a total value of £7,833. In the last ninety days, insiders bought 16,411 shares of company stock valued at $4,937,100. 23.27% of the stock is owned by corporate insiders.

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.