Citigroup Forecasts Strong Price Appreciation for Breedon Group (LON:BREE) Stock

Breedon Group (LON:BREEGet Free Report) had its target price boosted by analysts at Citigroup from GBX 310 to GBX 330 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential downside of 6.57% from the company’s current price.

A number of other equities research analysts have also issued reports on BREE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 475 price objective on shares of Breedon Group in a report on Thursday, July 30th. Berenberg Bank restated a “buy” rating and set a GBX 465 price objective on shares of Breedon Group in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 451.67.

Get Our Latest Stock Analysis on Breedon Group

Breedon Group Stock Up 2.2%

Shares of BREE stock opened at GBX 353.20 on Thursday. Breedon Group has a one year low of GBX 271.40 and a one year high of GBX 383.80. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12. The company has a market capitalization of £1.23 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.56 and a beta of 1.06. The company’s fifty day moving average price is GBX 305.80 and its 200-day moving average price is GBX 317.22.

Breedon Group (LON:BREEGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a return on equity of 6.73% and a net margin of 4.66%. Sell-side analysts expect that Breedon Group will post 36.8586859 EPS for the current fiscal year.

Insider Transactions at Breedon Group

In other Breedon Group news, insider Clive Watson bought 2,611 shares of the company’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of GBX 300 per share, for a total transaction of £7,833. Insiders have bought a total of 16,411 shares of company stock valued at $4,937,100 over the last ninety days. 23.27% of the stock is owned by company insiders.

About Breedon Group

(Get Free Report)

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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Analyst Recommendations for Breedon Group (LON:BREE)

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