Breedon Group (LON:BREE) Price Target Raised to GBX 590

Breedon Group (LON:BREE) had its price target boosted by stock analysts at Berenberg Bank from GBX 540 ($6.96) to GBX 590 ($7.61) in a report released on Thursday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 22.43% from the stock’s previous close.

Several other equities analysts have also commented on BREE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.70) target price on shares of Breedon Group in a research note on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 575 ($7.41) price objective on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Price Performance

Breedon Group stock traded up GBX 3.40 ($0.04) during midday trading on Thursday, reaching GBX 481.90 ($6.21). 6,890,097 shares of the company were exchanged, compared to its average volume of 1,817,851. The company has a market capitalization of £1.66 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The firm’s 50-day simple moving average is GBX 435.05 and its 200-day simple moving average is GBX 434.27. Breedon Group has a 1 year low of GBX 356 ($4.59) and a 1 year high of GBX 501 ($6.46).

Breedon Group (LON:BREE) last posted its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. On average, analysts anticipate 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 1bn 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.