Royal Bank of Canada Lowers Breedon Group (LON:BREE) Price Target to GBX 625

Breedon Group (LON:BREE) had its target price dropped by equities research analysts at Royal Bank of Canada from GBX 650 ($8.57) to GBX 625 ($8.24) in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 38.58% from the stock’s previous close.

Separately, Berenberg Bank boosted their target price on Breedon Group from GBX 540 ($7.12) to GBX 590 ($7.78) and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Breedon Group Price Performance

Shares of BREE traded up GBX 9 ($0.12) during trading hours on Tuesday, reaching GBX 451 ($5.95). The company had a trading volume of 786,316 shares, compared to its average volume of 2,557,727. The company has a market capitalization of £1.55 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.56 and a beta of 1.29. Breedon Group has a 12-month low of GBX 356 ($4.69) and a 12-month high of GBX 501 ($6.61). The firm has a 50 day simple moving average of GBX 451.17 and a 200-day simple moving average of GBX 443.17. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE) last posted 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%. Research analysts expect that Breedon Group will post 36.8586859 earnings per share for the current year.

Insider Buying and Selling

In other Breedon Group news, insider James Brotherton sold 43,648 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.67), for a total value of £187,686.40 ($247,476.79). Insiders own 23.90% of the company’s stock.

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 1.5bn 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.