Breedon Group (LON:BREE) Earns “Buy” Rating from Berenberg Bank

Breedon Group (LON:BREE)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Monday, MarketBeat.com reports. They currently have a GBX 540 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 45.95% from the stock’s current price.

Breedon Group Stock Performance

LON:BREE opened at GBX 370 on Monday. The firm has a market cap of £1.28 billion, a PE ratio of 1,423.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. Breedon Group has a fifty-two week low of GBX 344 and a fifty-two week high of GBX 501. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The business has a 50 day moving average price of GBX 373.27 and a 200-day moving average price of GBX 419.60.

Breedon Group (LON:BREE) last issued its earnings results on Wednesday, July 23rd. The company reported GBX 11.20 EPS for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. Equities research analysts predict that Breedon Group will post 36.8586859 earnings per share for the current year.

Insider Activity

In other Breedon Group news, insider Clive Watson purchased 4,919 shares of Breedon Group stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average price of GBX 354 per share, for a total transaction of £17,413.26. Also, insider James Brotherton purchased 7,033 shares of the stock in a transaction on Wednesday, July 23rd. The shares were acquired at an average cost of GBX 354 per share, with a total value of £24,896.82. In the last three months, insiders bought 179,903 shares of company stock valued at $69,698,506. 42.37% of the stock is currently owned by insiders.

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.