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

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

Separately, Stifel Nicolaus cut their price objective 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Breedon Group has an average rating of “Moderate Buy” and an average price target of GBX 449.

Breedon Group Trading Up 0.1%

Shares of BREE opened at GBX 284.60 on Wednesday. The company has a debt-to-equity ratio of 53.71, a current ratio of 1.35 and a quick ratio of 1.12. Breedon Group has a 1 year low of GBX 271.40 and a 1 year high of GBX 461. The company has a 50 day simple moving average of GBX 299.99 and a two-hundred day simple moving average of GBX 322.29. The firm has a market cap of £986.64 million, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

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

Insider Activity

In other news, insider James Brotherton sold 19,318 shares of the 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 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 £89,675.26. In the last ninety days, insiders bought 16,411 shares of company stock worth $4,937,100. 23.27% of the stock is currently owned by insiders.

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.