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

Breedon Group (LON:BREE) had its target price hoisted by Berenberg Bank from GBX 540 ($6.96) to GBX 590 ($7.60) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Several other analysts also recently weighed in on BREE. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 520 ($6.70) price target on shares of Breedon Group in a research note on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and issued a GBX 575 ($7.41) price target on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Price Performance

BREE stock opened at GBX 478 ($6.16) on Thursday. Breedon Group has a fifty-two week low of GBX 356 ($4.59) and a fifty-two week high of GBX 501 ($6.46). The business’s 50 day moving average price is GBX 435.67 and its two-hundred day moving average price is GBX 434.79. 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 company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. As a group, analysts forecast 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.