Breedon Group (LON:BREE) Sets New 12-Month Low - What's Next?

Key Points

• Breedon Group plc's stock reached a new 52-week low at GBX 331.54 ($4.44) amidst trading volume of 1,781,668 shares.
• Despite the recent decline, Berenberg Bank has maintained a "buy" rating with a price target of GBX 540, and the consensus rating remains "Buy" with an average target of GBX 561.67.
• Insider buying activity has been notable, with executives acquiring a total of 179,282 shares valued at over £69,000 in the last ninety days, indicating confidence in the company's future.

Shares of Breedon Group plc (LON:BREE - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 331.54 ($4.44) and last traded at GBX 331.68 ($4.45), with a volume of 1781668 shares trading hands. The stock had previously closed at GBX 332 ($4.45).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 540 price objective on shares of Breedon Group in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of GBX 561.67.

Breedon Group Stock Down 0.7%

The stock has a market capitalization of £1.14 billion, a PE ratio of 1,267.69, a PEG ratio of 1.56 and a beta of 1.29. The company has a 50 day moving average price of GBX 361.33 and a 200-day moving average price of GBX 399.98. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12.

Breedon Group (LON:BREE - Get Free Report) last issued its quarterly 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, analysts forecast that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Clive Watson bought 1,223 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of GBX 371 per share, with a total value of £4,537.33. Also, insider James Brotherton purchased 7,033 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were acquired at an average cost of GBX 354 per share, for a total transaction of £24,896.82. Over the last ninety days, insiders acquired 179,282 shares of company stock valued at $69,430,855. 42.37% of the stock is owned by insiders.

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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