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

Berenberg Bank reissued their buy rating on shares of Breedon Group (LON:BREE) in a research note issued to investors on Monday morning,London Stock Exchange reports. Berenberg Bank currently has a GBX 465 target price on the stock.

Several other equities research analysts have also recently weighed in on the company. Citigroup cut their target price on Breedon Group from GBX 360 to GBX 340 and set a “neutral” rating for the company in a research note on Thursday, November 27th. Peel Hunt reissued a “buy” rating and set a GBX 500 price target on shares of Breedon Group in a report on Thursday, November 20th. Three 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 457.50.

Breedon Group Price Performance

Shares of LON:BREE traded down GBX 11.40 during midday trading on Monday, hitting GBX 319.80. The stock had a trading volume of 29,175,217 shares, compared to its average volume of 3,926,514. The company’s 50-day moving average price is GBX 342.44 and its 200-day moving average price is GBX 340.22. Breedon Group has a fifty-two week low of GBX 300 and a fifty-two week high of GBX 496. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71. The company has a market capitalization of £1.11 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

Breedon Group (LON:BREE) last posted its quarterly earnings results 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%. As a group, equities research analysts predict that Breedon Group will post 36.8586859 EPS for the current fiscal year.

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.