Breedon Group (LON:BREE) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Breedon Group (LON:BREE) had its target price boosted by investment analysts at Berenberg Bank from GBX 540 ($6.98) to GBX 590 ($7.63) in a report issued on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 21.15% from the company’s previous close.

Several other brokerages have also recently issued reports on BREE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 520 ($6.72) price target on shares of Breedon Group in a research report on Friday, November 22nd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 575 ($7.43) price objective on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Stock Up 1.9 %

Shares of BREE stock opened at GBX 487 ($6.29) on Thursday. Breedon Group has a 1 year low of GBX 356 ($4.60) and a 1 year high of GBX 501 ($6.48). The stock has a market cap of £1.68 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The business’s fifty day moving average is GBX 436.51 and its 200-day moving average is GBX 435.32. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44.

Breedon Group (LON:BREE) last issued its quarterly earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Equities analysts expect that Breedon Group will post 36.8586859 earnings per share for the current fiscal year.

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 1bn 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.