Breedon Group’s (BREE) Buy Rating Reaffirmed at Berenberg Bank

Breedon Group (LON:BREE)‘s stock had its “buy” rating reissued by Berenberg Bank in a research note issued on Monday,London Stock Exchange reports. They currently have a GBX 465 target price on the stock. Berenberg Bank’s target price points to a potential upside of 45.40% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Peel Hunt reissued a “buy” rating and set a GBX 500 target price on shares of Breedon Group in a research report on Thursday, November 20th. Citigroup decreased their price objective on shares of Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating for the company in a research note on Thursday, November 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 457.50.

Breedon Group Trading Down 3.4%

Breedon Group stock traded down GBX 11.40 during midday trading on Monday, reaching GBX 319.80. The stock had a trading volume of 29,175,217 shares, compared to its average volume of 3,926,514. The stock’s 50-day simple moving average is GBX 342.44 and its 200 day simple moving average is GBX 340.22. Breedon Group has a twelve month low of GBX 300 and a twelve month high of GBX 496. 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 stock has a market capitalization of £1.11 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

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

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.