Breedon Group (LON:BREE) Price Target Raised to GBX 330 at Citigroup

Key Points

• Citigroup raised Breedon Group’s price target to GBX 330 from GBX 310 but maintained a “neutral” rating, implying 4.53% downside from the current share price.
• Analyst sentiment remains broadly positive: five analysts rate the stock a Buy and one rates it Hold, giving Breedon an overall “Moderate Buy” rating and an average price target of GBX 451.67.
• Breedon shares opened at GBX 345.65, while the company reported quarterly EPS of GBX 9.40; insiders have also purchased shares recently, with insiders owning 23.27% of the company.

Breedon Group (LON:BREE - Get Free Report) had its price target lifted by research analysts at Citigroup from GBX 310 to GBX 330 in a note issued to investors on Thursday,London Stock Exchange reports. The firm presently has a "neutral" rating on the stock. Citigroup's price target points to a potential downside of 4.53% from the stock's current price.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 475 price objective on shares of Breedon Group in a report on Thursday, July 30th. Berenberg Bank reiterated a "buy" rating and issued a GBX 465 target price on shares of Breedon Group in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Breedon Group presently has an average rating of "Moderate Buy" and an average price target of GBX 451.67.

Breedon Group Stock Performance

Shares of BREE opened at GBX 345.65 on Thursday. The company has a debt-to-equity ratio of 62.39, a quick ratio of 1.12 and a current ratio of 1.40. The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.56 and a beta of 1.06. The company's 50 day simple moving average is GBX 303.26 and its 200 day simple moving average is GBX 316.88. Breedon Group has a 1 year low of GBX 271.40 and a 1 year high of GBX 383.80.

Breedon Group (LON:BREE - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. On average, sell-side analysts predict that Breedon Group will post 36.8586859 EPS for the current year.

Insider Buying and Selling

In related news, insider Clive Watson purchased 11,271 shares of the company's stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of GBX 301 per share, with a total value of £33,925.71. Insiders have purchased a total of 16,411 shares of company stock worth $4,937,100 over the last ninety days. Corporate insiders own 23.27% of the company's stock.

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.

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