Breedon Group (LON:BREE) Price Target Raised to GBX 590 at Berenberg Bank

Breedon Group (LON:BREE) had its target price increased by Berenberg Bank from GBX 540 ($6.96) to GBX 590 ($7.60) in a research note released on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 520 ($6.70) target price on shares of Breedon Group in a research note on Friday, November 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 575 ($7.41) target price on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Stock Performance

LON BREE opened at GBX 478 ($6.16) on Thursday. Breedon Group has a 1-year low of GBX 356 ($4.59) and a 1-year high of GBX 501 ($6.46). 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 stock has a 50-day moving average of GBX 435.67 and a 200-day moving average of GBX 434.79. The firm has a market cap of £1.65 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last released 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, sell-side analysts forecast that Breedon Group will post 36.8586859 EPS for the current 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.