Breedon Group’s (BREE) “Buy” Rating Reaffirmed at Peel Hunt
Peel Hunt reaffirmed their buy rating on shares of Breedon Group (LON:BREE) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms have also commented on BREE. Barclays lifted their price objective on shares of Breedon Group from GBX 78 ($1.03) to GBX 92 ($1.21) and gave the stock an equal weight rating in a research note on Monday, January 20th. Davy Research raised shares of Breedon Group to an outperform rating in a research note on Friday, November 22nd. Peel Hunt reaffirmed a buy rating and set a GBX 76 ($1.00) price objective on shares of Breedon Group in a research note on Wednesday, January 8th. Shore Capital reaffirmed a buy rating on shares of Breedon Group in a research note on Wednesday, November 20th. Finally, Berenberg Bank lifted their price objective on shares of Breedon Group from GBX 105 ($1.38) to GBX 110 ($1.45) and gave the stock a buy rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 88.50 ($1.16).
BREE traded up GBX 1.60 ($0.02) during trading hours on Thursday, hitting GBX 99.60 ($1.31). The company’s stock had a trading volume of 15,604,162 shares, compared to its average volume of 1,180,000. The business’s 50-day moving average price is GBX 89.49 and its 200-day moving average price is GBX 71.95. Breedon Group has a 12 month low of GBX 56 ($0.74) and a 12 month high of GBX 101.50 ($1.34). The stock has a market cap of $1.68 billion and a price-to-earnings ratio of 23.16. The company has a current ratio of 1.17, a quick ratio of 0.92 and a debt-to-equity ratio of 45.56.
Breedon Group Company Profile
Breedon Group plc, formerly Breedon Aggregates Limited, is an independent construction materials company. The Company’s operations include a cement plant, two cementitious import terminals, approximately 60 quarries, over 30 asphalt plants, over 200 ready-mixed concrete plants and three concrete products plants.
Further Reading: What is a support level?
Receive News & Ratings for Breedon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Breedon Group and related companies with MarketBeat.com's FREE daily email newsletter.