Breedon Group's (BREE) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Berenberg Bank has reiterated its buy rating for Breedon Group (BREE), setting a price target of GBX 540, which suggests a potential upside of 45.55% from its current price.
• Insider transactions show strong confidence, with company insiders purchasing 179,903 shares valued at approximately £69.7 million over the last quarter.
• Breedon Group's latest quarterly earnings report showed an EPS of GBX 11.20 and a return on equity of 8.58%, indicating a stable financial performance.

Breedon Group (LON:BREE - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research report issued on Monday, Marketbeat.com reports. They presently have a GBX 540 target price on the stock. Berenberg Bank's price target suggests a potential upside of 46.90% from the stock's current price.

Breedon Group Stock Down 0.6%

Breedon Group stock traded down GBX 2.20 during trading hours on Monday, hitting GBX 367.60. The stock had a trading volume of 504,006 shares, compared to its average volume of 1,872,716. 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 stock's 50-day moving average price is GBX 372.25 and its 200-day moving average price is GBX 418.09. Breedon Group has a 12-month low of GBX 344 and a 12-month high of GBX 501. The stock has a market capitalization of £1.27 billion, a P/E ratio of 1,413.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

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

Insider Activity at Breedon Group

In other Breedon Group news, insider Rob Wood bought 13,701 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was bought at an average cost of GBX 360 per share, for a total transaction of £49,323.60. Also, insider James Brotherton bought 7,033 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were acquired at an average price of GBX 354 per share, with a total value of £24,896.82. Insiders bought 179,282 shares of company stock valued at $69,430,855 over the last ninety days. Company insiders own 42.37% of the company's stock.

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.