Morgan Stanley Reiterates “Overweight” Rating for Breedon Group (LON:BREE)

Breedon Group (LON:BREEGet Rating)‘s stock had its “overweight” rating reaffirmed by investment analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, LSE.Co.UK reports.

BREE has been the topic of a number of other reports. Shore Capital restated a “buy” rating on shares of Breedon Group in a research report on Thursday, April 28th. Berenberg Bank restated a “buy” rating and set a GBX 120 ($1.48) price objective on shares of Breedon Group in a research report on Thursday, March 31st. Finally, Barclays restated an “equal weight” rating and set a GBX 110 ($1.36) price objective on shares of Breedon Group in a research report on Wednesday, March 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Breedon Group has an average rating of “Buy” and a consensus target price of GBX 115.25 ($1.42).

Shares of BREE stock opened at GBX 71 ($0.88) on Wednesday. Breedon Group has a 12 month low of GBX 68.60 ($0.85) and a 12 month high of GBX 113.92 ($1.40). The firm has a market cap of £1.20 billion and a PE ratio of 15.39. The stock has a 50 day moving average of GBX 80.12 and a 200-day moving average of GBX 88.03. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 31.21.

In other Breedon Group news, insider Clive Watson bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average price of GBX 77 ($0.95) per share, for a total transaction of £19,250 ($23,733.20).

About Breedon Group (Get Rating)

Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products in the United Kingdom and internationally. The company offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.

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