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

Breedon Group (LON:BREE) had its price target raised by Berenberg Bank from GBX 540 ($6.98) to GBX 590 ($7.62) in a research note released on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 520 ($6.72) price target on shares of Breedon Group in a report on Friday, November 22nd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 575 ($7.43) target price on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Trading Up 1.9 %

Shares of Breedon Group stock opened at GBX 487 ($6.29) on Thursday. The firm has a market capitalization of £1.68 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. 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 firm’s 50 day moving average is GBX 436.51 and its 200 day moving average is GBX 435.51. Breedon Group has a 1 year low of GBX 356 ($4.60) and a 1 year high of GBX 501 ($6.47).

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