Breedon Group (LON:BREE) Sets New 52-Week High – Should You Buy?

Shares of Breedon Group plc (LON:BREE) hit a new 52-week high on Thursday . The stock traded as high as GBX 470 ($5.96) and last traded at GBX 465 ($5.90), with a volume of 250968 shares traded. The stock had previously closed at GBX 461 ($5.84).

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.59) price target on shares of Breedon Group in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.29) price objective on shares of Breedon Group in a research report on Friday, November 22nd.

Breedon Group Price Performance

The company has a debt-to-equity ratio of 44.85, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a 50 day moving average of GBX 436.09 and a 200-day moving average of GBX 413.59. The company has a market cap of £1.60 billion, a PE ratio of 1,646.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Insider Buying and Selling

In other news, insider Clive Watson acquired 261 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of GBX 457 ($5.79) per share, with a total value of £1,192.77 ($1,512.13). 23.90% of the stock is currently owned by corporate insiders.

Breedon Group Company Profile

Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It 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.