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

Breedon Group plc (LON:BREE - Get Free Report)'s stock price traded 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). 15,608,081 shares traded hands during mid-day trading, an increase of 693% from the average session volume of 1,967,141 shares. The stock had previously closed at GBX 388 ($5.21).

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

Insiders Place Their Bets

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

Breedon Group Trading Up 0.3%

The firm has a market cap of £1.25 billion, a P/E ratio of 12.95, a PEG ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a 50 day moving average of GBX 413.90 and a 200 day moving average of GBX 433.55.

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