Citigroup Cuts Breedon Group (LON:BREE) Price Target to GBX 3,100

Breedon Group (LON:BREE) had its price target dropped by equities research analysts at Citigroup from GBX 3,400 to GBX 3,100 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock.

BREE has been the topic of a number of other research reports. Stifel Nicolaus dropped their price target on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a research report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Breedon Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,001.

Breedon Group Stock Performance

BREE opened at GBX 295 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71. Breedon Group has a 12-month low of GBX 271.40 and a 12-month high of GBX 400.60. The business has a 50 day moving average of GBX 298.25 and a 200-day moving average of GBX 320.33. The stock has a market cap of £1.02 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.56 and a beta of 1.06.

Insider Transactions at Breedon Group

In related news, insider James Brotherton sold 19,318 shares of Breedon Group stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total transaction of £60,658.52. Also, insider Rob Wood sold 28,559 shares of Breedon Group stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total value of £89,675.26. Over the last quarter, insiders have bought 16,411 shares of company stock worth $4,937,100. Company insiders own 23.27% of the company’s stock.

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 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.