Breedon Group (LON:BREE) Sets New 52-Week Low - Here's Why

Key Points

• Breedon hit a new 52-week low — shares fell to an intraday low of GBX 294.20 and last traded at GBX 296.80 on Tuesday with about 683,608 shares changing hands.
• Analyst consensus remains positive — four Buy ratings and one Hold produce a "Moderate Buy" consensus with a mean target of GBX 449, even as Stifel trimmed its target to GBX 415 and Berenberg sits at GBX 465.
• Valuation and recent results — market cap ~£1.03bn, P/E 12.26 and debt-to-equity 53.71; last quarter EPS was GBX 31.80 (net margin 4.89%) and analysts forecast ~GBX 36.86 for the year.

Breedon Group plc (LON:BREE - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 294.20 and last traded at GBX 296.80, with a volume of 683608 shares changing hands. The stock had previously closed at GBX 303.60.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Breedon Group from GBX 430 to GBX 415 and set a "buy" rating for the company in a research report on Tuesday, March 31st. Berenberg Bank reissued a "buy" rating and set a GBX 465 price target on shares of Breedon Group in a research report on Monday, March 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 449.

Breedon Group Price Performance

The company has a debt-to-equity ratio of 53.71, a current ratio of 1.35 and a quick ratio of 1.12. The firm has a market cap of £1.03 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.56 and a beta of 1.08. The business's 50-day moving average price is GBX 336.32 and its two-hundred day moving average price is GBX 335.06.

Breedon Group (LON:BREE - Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 31.80 earnings per share for the quarter. Breedon Group had a net margin of 4.89% and a return on equity of 7.14%. On average, research analysts forecast that Breedon Group plc will post 36.8586859 EPS for the current fiscal 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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