Breedon Group (LON:BREE) Price Target Lowered to GBX 415 at Stifel Nicolaus

Breedon Group (LON:BREE) had its price objective reduced by equities researchers at Stifel Nicolaus from GBX 430 to GBX 415 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 37.60% from the stock’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a research report on Monday, March 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 449.

Breedon Group Price Performance

Breedon Group stock traded up GBX 2.40 during mid-day trading on Tuesday, reaching GBX 301.60. 1,201,744 shares of the company’s stock traded hands, compared to its average volume of 9,801,344. Breedon Group has a 12-month low of GBX 294.60 and a 12-month high of GBX 483. 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 stock has a 50 day moving average of GBX 339.52 and a two-hundred day moving average of GBX 337.11. The company has a market cap of £1.05 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.56 and a beta of 1.08.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, March 11th. The company reported GBX 31.80 earnings per share for the quarter. Breedon Group had a net margin of 4.89% and a return on equity of 7.14%. Equities analysts forecast that Breedon Group will post 36.8586859 earnings per share 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.