Breedon Group (LON:BREE - Get Free Report) had its price objective cut by analysts at Citigroup from GBX 410 to GBX 360 in a research note issued on Wednesday,Digital Look reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price objective suggests a potential upside of 4.83% from the stock's current price.
Separately, Berenberg Bank restated a "buy" rating and set a GBX 540 target price on shares of Breedon Group in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 511.25.
View Our Latest Report on Breedon Group
Breedon Group Stock Up 2.6%
Shares of Breedon Group stock traded up GBX 8.60 on Wednesday, reaching GBX 343.40. 803,290 shares of the company were exchanged, compared to its average volume of 1,855,829. Breedon Group has a 1-year low of GBX 323.50 and a 1-year high of GBX 501. The company has a market cap of £1.19 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. 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 stock's 50 day moving average price is GBX 357.99 and its 200-day moving average price is GBX 396.61.
Breedon Group (LON:BREE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported GBX 11.20 earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. As a group, equities analysts forecast that Breedon Group will post 36.8586859 EPS for the current year.
Insider Activity at Breedon Group
In other news, insider Clive Watson bought 1,223 shares of the stock in a transaction on Tuesday, August 12th. The shares were bought at an average price of GBX 371 per share, with a total value of £4,537.33. Also, insider Amit Bhatia bought 150,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of GBX 393 per share, for a total transaction of £589,500. 42.37% of the stock is owned by corporate insiders.
About Breedon Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Breedon Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Breedon Group wasn't on the list.
While Breedon Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
