Breedon Group (LON:BREE) Given New GBX 540 Price Target at Berenberg Bank

Breedon Group (LON:BREE - Free Report) had its target price reduced by Berenberg Bank from GBX 590 ($7.93) to GBX 540 ($7.26) in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Royal Bank Of Canada decreased their target price on Breedon Group from GBX 650 ($8.73) to GBX 625 ($8.40) and set an "outperform" rating on the stock in a report on Tuesday, April 15th.

Breedon Group Price Performance

Shares of BREE traded down GBX 1.80 ($0.02) during midday trading on Wednesday, reaching GBX 360 ($4.84). The stock had a trading volume of 3,110,537 shares, compared to its average volume of 1,929,378. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The company has a market capitalization of £1.24 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.56 and a beta of 1.29. The firm's 50 day moving average price is GBX 413.90 and its 200-day moving average price is GBX 433.82. Breedon Group has a 52 week low of GBX 344 ($4.62) and a 52 week high of GBX 501 ($6.73).

Breedon Group (LON:BREE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported GBX 11.20 ($0.15) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. On average, analysts forecast that Breedon Group will post 36.8586859 earnings per share for the current fiscal year.

Insider Activity at Breedon Group

In other news, insider Rob Wood bought 13,701 shares of the stock in a transaction on Wednesday, July 23rd. The shares were purchased at an average price of GBX 360 ($4.84) per share, for a total transaction of £49,323.60 ($66,277.34). Also, insider James Brotherton bought 7,033 shares of the stock in a transaction on Wednesday, July 23rd. The stock was purchased at an average price of GBX 354 ($4.76) per share, for a total transaction of £24,896.82 ($33,454.47). Over the last ninety days, insiders have acquired 31,903 shares of company stock valued at $11,745,123. Company insiders own 23.90% 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.