Breedon Group’s (BREE) Buy Rating Reiterated at Peel Hunt

Breedon Group (LON:BREE)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 500 price objective on the stock. Peel Hunt’s target price suggests a potential upside of 61.19% from the company’s previous close.

Several other research analysts have also commented on the stock. Citigroup dropped their price objective on shares of Breedon Group from GBX 410 to GBX 360 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Royal Bank Of Canada decreased their target price on Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 540 price objective on shares of Breedon Group in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 489.

Breedon Group Price Performance

Breedon Group stock traded down GBX 5.80 during mid-day trading on Thursday, reaching GBX 310.20. 8,565,877 shares of the company’s stock traded hands, compared to its average volume of 1,912,430. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. Breedon Group has a 12-month low of GBX 300 and a 12-month high of GBX 501. The stock has a 50 day moving average of GBX 343.46 and a two-hundred day moving average of GBX 381.35. The company has a market cap of £1.07 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.56 and a beta of 1.29.

Insider Transactions at Breedon Group

In other news, insider Clive Watson acquired 436 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of GBX 333 per share, with a total value of £1,451.88. Also, insider Amit Bhatia purchased 150,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was acquired at an average cost of GBX 393 per share, with a total value of £589,500. 42.37% of the stock is currently owned by company insiders.

About Breedon Group

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.