Breedon Group plc (LON:BREE) Insider Clive Watson Buys 1,223 Shares

Key Points

• Insider Clive Watson of Breedon Group plc purchased 1,223 shares at an average cost of GBX 371 ($5.01) on August 12th, totaling approximately £4,537 ($6,125).
• Breedon Group's stock has a current market capitalization of £1.30 billion and a 50-day moving average of GBX 391.70.
• Research firms have revised their price targets for Breedon Group, with Berenberg Bank lowering its estimate from GBX 590 to GBX 540 while maintaining a "buy" rating.

Breedon Group plc (LON:BREE - Get Free Report) insider Clive Watson acquired 1,223 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average cost of GBX 371 ($5.01) per share, for a total transaction of £4,537.33 ($6,125.73).

Clive Watson also recently made the following trade(s):

• On Wednesday, July 23rd, Clive Watson acquired 2,406 shares of Breedon Group stock. The stock was acquired at an average cost of GBX 359 ($4.85) per share, for a total transaction of £8,637.54 ($11,661.32).
• On Wednesday, July 23rd, Clive Watson acquired 4,919 shares of Breedon Group stock. The stock was acquired at an average cost of GBX 354 ($4.78) per share, for a total transaction of £17,413.26 ($23,509.19).
• On Friday, June 13th, Clive Watson acquired 621 shares of Breedon Group stock. The stock was acquired at an average cost of GBX 431 ($5.82) per share, for a total transaction of £2,676.51 ($3,613.49).

Breedon Group Stock Performance

Shares of LON BREE traded up GBX 2.48 ($0.03) during midday trading on Wednesday, hitting GBX 378.08 ($5.10). 1,376,770 shares of the stock traded hands, compared to its average volume of 1,872,326. The firm has a 50-day moving average of GBX 391.70 and a two-hundred day moving average of GBX 429.24. The firm has a market capitalization of £1.30 billion, a P/E ratio of 13.54, a PEG ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. Breedon Group plc has a one year low of GBX 344 ($4.64) and a one year high of GBX 501 ($6.76).

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on BREE. Berenberg Bank lowered their price objective on Breedon Group from GBX 590 ($7.97) to GBX 540 ($7.29) and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price objective on Breedon Group from GBX 650 ($8.78) to GBX 625 ($8.44) and set an "outperform" rating on the stock in a research report on Tuesday, April 15th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.