Breedon Group (LON:BREE) Price Target Lowered to GBX 525 at Royal Bank Of Canada

Breedon Group (LON:BREE) had its price objective decreased by Royal Bank Of Canada from GBX 575 to GBX 525 in a research report released on Friday, Marketbeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms also recently commented on BREE. Citigroup dropped their price objective on shares of Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 540 price target on shares of Breedon Group in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 486.25.

Breedon Group Stock Performance

Shares of Breedon Group stock traded down GBX 8 on Friday, reaching GBX 324.80. 826,272 shares of the company traded hands, compared to its average volume of 1,819,040. The company has a 50 day moving average of GBX 350.24 and a 200 day moving average of GBX 388.24. 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 52 week low of GBX 321.80 and a 52 week high of GBX 501. The firm has a market capitalization of £1.13 billion, a PE ratio of 12.49, a PEG ratio of 1.56 and a beta of 1.29.

Insider Activity

In related news, insider Clive Watson acquired 1,223 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average cost of GBX 371 per share, for a total transaction of £4,537.33. Also, insider Amit Bhatia bought 150,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average cost of GBX 393 per share, for a total transaction of £589,500. Company 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.