Breedon Group (LON:BREE) Shares Down 7% Following Analyst Downgrade

Shares of Breedon Group plc (LON:BREE - Get Free Report) were down 7% during mid-day trading on Wednesday 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 358.60 ($4.82) and last traded at GBX 360.80 ($4.85). Approximately 15,608,081 shares changed hands during trading, an increase of 693% from the average daily volume of 1,967,141 shares. The stock had previously closed at GBX 388 ($5.21).

Separately, Royal Bank Of Canada cut their price objective on shares of Breedon Group from GBX 650 ($8.74) to GBX 625 ($8.40) and set an "outperform" rating for the company in a research report on Tuesday, April 15th.

Insider Activity

In other news, insider James Brotherton acquired 7,033 shares of Breedon Group stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average cost of GBX 354 ($4.76) per share, with a total value of £24,896.82 ($33,458.97). Also, insider Rob Wood bought 13,701 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was bought at an average price of GBX 360 ($4.84) per share, for a total transaction of £49,323.60 ($66,286.25). In the last three months, insiders have acquired 31,903 shares of company stock worth $11,745,123. 23.90% of the stock is currently owned by corporate insiders.

Breedon Group Trading Up 0.3%

The company has a market capitalization of £1.25 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The company's 50 day simple moving average is GBX 413.90 and its two-hundred day simple moving average is GBX 433.55.

Breedon Group (LON:BREE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported GBX 11.20 ($0.15) earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. As a group, research analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

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.