Breedon Group (LON:BREE) Trading Up 15.9% – Here’s What Happened

Shares of Breedon Group plc (LON:BREE) were up 15.9% during trading on Wednesday . The company traded as high as GBX 496 ($6.35) and last traded at GBX 495.55 ($6.34). Approximately 6,320,090 shares changed hands during trading, an increase of 260% from the average daily volume of 1,754,701 shares. The stock had previously closed at GBX 427.50 ($5.47).

Analyst Ratings Changes

Several brokerages have recently issued reports on BREE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 520 ($6.65) price target on shares of Breedon Group in a research report on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.36) price objective on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The company has a market cap of £1.65 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.56 and a beta of 1.29. The business has a 50-day moving average price of GBX 434.18 and a 200 day moving average price of GBX 433.88.

Breedon Group (LON:BREE) last released its quarterly 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, research analysts expect that Breedon Group plc 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.