Breedon Group (LON:BREE) Price Target Cut to GBX 340 by Analysts at Citigroup

Breedon Group (LON:BREE) had its price target decreased by research analysts at Citigroup from GBX 360 to GBX 340 in a report issued on Thursday, Marketbeat reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 3.47% from the company’s current price.

A number of other brokerages have also recently commented on BREE. Royal Bank Of Canada dropped their price target on Breedon Group from GBX 575 to GBX 525 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 500 price objective on shares of Breedon Group in a research report on Thursday, November 20th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 540 price target on shares of Breedon Group in a research report on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 476.25.

Breedon Group Stock Performance

Shares of LON BREE traded down GBX 5.80 during mid-day trading on Thursday, reaching GBX 328.60. 712,254 shares of the company’s stock were exchanged, compared to its average volume of 2,087,064. The firm has a 50-day moving average price of GBX 339.05 and a two-hundred day moving average price of GBX 376.76. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market capitalization of £1.14 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. Breedon Group has a 52 week low of GBX 300 and a 52 week high of GBX 501.

Insiders Place Their Bets

In other Breedon Group news, insider Amit Bhatia acquired 200,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were acquired at an average price of GBX 370 per share, for a total transaction of £740,000. Also, insider Clive Watson bought 7,456 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were acquired at an average cost of GBX 317 per share, with a total value of £23,635.52. In the last quarter, insiders acquired 207,892 shares of company stock valued at $76,508,740. 42.37% of the stock is owned by corporate insiders.

Breedon Group Company Profile

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.