Breedon Group’s (BREE) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Breedon Group (LON:BREE) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.

Several other research firms have also commented on BREE. Berenberg Bank lowered their target price on Breedon Group from GBX 110 ($1.45) to GBX 105 ($1.38) and set a buy rating for the company in a report on Tuesday, March 17th. Shore Capital reissued a buy rating on shares of Breedon Group in a report on Wednesday, March 11th. Peel Hunt restated a buy rating and set a GBX 76 ($1.00) price objective on shares of Breedon Group in a research report on Wednesday, January 8th. Finally, Barclays boosted their price objective on Breedon Group from GBX 92 ($1.21) to GBX 94 ($1.24) and gave the company an equal weight rating in a research report on Thursday, March 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 87.75 ($1.15).

BREE opened at GBX 65.40 ($0.86) on Monday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 37.43. The company’s 50-day moving average price is GBX 87.91 and its 200 day moving average price is GBX 76.84. Breedon Group has a fifty-two week low of GBX 56 ($0.74) and a fifty-two week high of GBX 101.50 ($1.34). The firm has a market cap of $1.10 billion and a price-to-earnings ratio of 14.22.

In other Breedon Group news, insider Clive Watson purchased 37,500 shares of the business’s stock in a transaction on Monday, January 20th. The stock was bought at an average cost of GBX 90 ($1.18) per share, with a total value of £33,750 ($44,396.21).

Breedon Group Company Profile

Breedon Group plc, formerly Breedon Aggregates Limited, is an independent construction materials company. The Company’s operations include a cement plant, two cementitious import terminals, approximately 60 quarries, over 30 asphalt plants, over 200 ready-mixed concrete plants and three concrete products plants.

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Analyst Recommendations for Breedon Group (LON:BREE)

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