Breedon Group (LON:BREE) Given "Buy" Rating 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 restated by Berenberg Bank in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a GBX 540 price target on the stock. Berenberg Bank's price objective indicates a potential upside of 46.90% from the stock's previous close.

Breedon Group Stock Down 0.6%

Shares of BREE stock traded down GBX 2.20 during trading on Monday, reaching GBX 367.60. The company's stock had a trading volume of 504,006 shares, compared to its average volume of 1,872,716. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. Breedon Group has a 1-year low of GBX 344 and a 1-year high of GBX 501. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of 1,413.85, a P/E/G ratio of 1.56 and a beta of 1.29. The stock's 50-day moving average price is GBX 372.25 and its 200 day moving average price is GBX 418.27.

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

Insider Activity at Breedon Group

In related news, insider Amit Bhatia bought 150,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was acquired at an average price of GBX 393 per share, for a total transaction of £589,500. Also, insider James Brotherton bought 7,033 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was bought at an average price of GBX 354 per share, with a total value of £24,896.82. In the last quarter, insiders have acquired 179,282 shares of company stock worth $69,430,855. Corporate insiders own 42.37% of the company's stock.

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.