Breedon Group plc (LON:BREE) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Breedon Group received a consensus “Moderate Buy” rating from six analysts, with five recommending buy and one recommending hold. The average 12-month price target is GBX 451.67.
• Recent broker views include buy ratings and targets of GBX 475 from Deutsche Bank and GBX 465 from Berenberg, while Citigroup maintained a neutral rating and raised its target to GBX 330.
• The shares opened at GBX 306.75, with the company valued at approximately £1.06 billion. Breedon reported quarterly EPS of GBX 9.40, and analysts expect full-year EPS of GBX 36.86.

Breedon Group plc (LON:BREE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 451.67.

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of Breedon Group from GBX 310 to GBX 330 and gave the company a "neutral" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 475 price target on shares of Breedon Group in a research report on Thursday, July 30th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 465 price objective on shares of Breedon Group in a research note on Friday, July 31st.

Breedon Group Stock Up 0.6%

BREE opened at GBX 306.75 on Tuesday. The company has a debt-to-equity ratio of 62.39, a quick ratio of 1.12 and a current ratio of 1.40. The company has a market cap of £1.06 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 1.56 and a beta of 1.08. Breedon Group has a one year low of GBX 271.40 and a one year high of GBX 368. The business's fifty day moving average is GBX 332.70 and its two-hundred day moving average is GBX 313.65.

Breedon Group (LON:BREE - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 9.40 earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 6.73% and a net margin of 4.66%. Analysts anticipate that Breedon Group will post 36.86 EPS 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 1.7bn tonnes of mineral reserves and resources with long reserve life, supplying value-added products and services to a broad range of customers through its extensive local network of quarries, ready-mixed concrete and asphalt plants. The Group's two well-invested cement plants manufacture a product which is key to delivering infrastructure and housing, and are actively engaged in carbon reduction practices.

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