Breedon Group (LON:BREE - Free Report) had its price objective cut by Royal Bank of Canada from GBX 650 ($8.64) to GBX 625 ($8.31) in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the stock.
Separately, Berenberg Bank lifted their price target on shares of Breedon Group from GBX 540 ($7.18) to GBX 590 ($7.84) and gave the stock a "buy" rating in a research note on Thursday, March 6th.
Check Out Our Latest Analysis on Breedon Group
Breedon Group Stock Performance
Shares of BREE traded down GBX 4.60 ($0.06) during mid-day trading on Tuesday, hitting GBX 444.40 ($5.91). 1,208,322 shares of the company traded hands, compared to its average volume of 2,522,044. The stock has a 50-day moving average price of GBX 451.36 and a two-hundred day moving average price of GBX 443.67. The stock has a market cap of £1.53 billion, a price-to-earnings ratio of 15.91, a P/E/G 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 has a 1 year low of GBX 356 ($4.73) and a 1 year high of GBX 501 ($6.66).
Breedon Group (LON:BREE - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Equities analysts anticipate that Breedon Group will post 36.8586859 earnings per share for the current year.
Breedon Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be paid a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a boost from Breedon Group's previous dividend of $4.50. This represents a dividend yield of 2.09%. Breedon Group's dividend payout ratio is 50.13%.
Insider Activity at Breedon Group
In related news, insider James Brotherton sold 43,648 shares of Breedon Group stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of GBX 430 ($5.72), for a total transaction of £187,686.40 ($249,549.79). 23.90% of the stock is owned by corporate insiders.
About Breedon Group
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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.
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