Breedon Group (LON:BREE) Hits New 1-Year Low After Analyst Downgrade

Breedon Group plc (LON:BREE - Get Free Report) reached a new 52-week low on Thursday after Berenberg Bank lowered their price target on the stock from GBX 590 to GBX 540. Berenberg Bank currently has a buy rating on the stock. Breedon Group traded as low as GBX 344 ($4.67) and last traded at GBX 358.80 ($4.88), with a volume of 9006905 shares changing hands. The stock had previously closed at GBX 388 ($5.27).

Separately, Royal Bank Of Canada cut their price target on Breedon Group from GBX 650 ($8.83) to GBX 625 ($8.49) and set an "outperform" rating on the stock in a research report on Tuesday, April 15th.

Insider Transactions at Breedon Group

In related news, insider Clive Watson acquired 2,406 shares of Breedon Group stock in a transaction dated Wednesday, July 23rd. The shares were acquired at an average cost of GBX 359 ($4.88) per share, for a total transaction of £8,637.54 ($11,735.79). Also, insider James Brotherton purchased 7,033 shares of Breedon Group stock in a transaction on Wednesday, July 23rd. The shares were acquired at an average cost of GBX 354 ($4.81) per share, for a total transaction of £24,896.82 ($33,827.20). In the last quarter, insiders bought 31,903 shares of company stock worth $11,745,123. Company insiders own 23.90% of the company's stock.

Breedon Group Trading Up 0.5%

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The stock has a market cap of £1.24 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The business's fifty day simple moving average is GBX 417.86 and its 200 day simple moving average is GBX 434.53.

Breedon Group (LON:BREE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 11.20 ($0.15) EPS for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. As a group, analysts expect that Breedon Group plc will post 36.8586859 EPS for the current 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.

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