Berenberg Bank Issues Pessimistic Forecast for Breedon Group (LON:BREE) Stock Price

Breedon Group (LON:BREE) had its price target reduced by analysts at Berenberg Bank from GBX 590 ($8.02) to GBX 540 ($7.34) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 49.12% from the company’s current price.

Separately, Royal Bank Of Canada cut their price target on shares of Breedon Group from GBX 650 ($8.83) to GBX 625 ($8.49) and set an “outperform” rating on the stock in a report on Tuesday, April 15th.

Breedon Group Stock Up 0.9%

Breedon Group stock traded up GBX 3.31 ($0.05) during midday trading on Wednesday, hitting GBX 362.11 ($4.92). 15,830,138 shares of the stock were exchanged, compared to its average volume of 2,018,281. Breedon Group has a 1 year low of GBX 344 ($4.67) and a 1 year high of GBX 501 ($6.81). The firm has a market cap of £1.25 billion, a P/E ratio of 12.97, 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 current ratio of 1.44 and a quick ratio of 1.12. The company has a 50 day moving average price of GBX 417.86 and a two-hundred day moving average price of GBX 434.53.

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

Insider Buying and Selling at Breedon Group

In related news, insider Clive Watson acquired 621 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were purchased at an average price of GBX 431 ($5.86) per share, with a total value of £2,676.51 ($3,636.56). Insiders own 23.90% 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.