Citigroup Has Lowered Expectations for Breedon Group (LON:BREE) Stock Price

Breedon Group (LON:BREE) had its price objective cut by research analysts at Citigroup from GBX 3,400 to GBX 3,100 in a research report issued on Wednesday,Digital Look reports. The firm presently has a “neutral” rating on the stock.

A number of other equities research analysts also recently weighed in on BREE. Berenberg Bank reiterated a “buy” rating and issued a GBX 465 price target on shares of Breedon Group in a research report on Wednesday, June 10th. Stifel Nicolaus cut their price target on Breedon Group from GBX 430 to GBX 415 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,001.

Breedon Group Stock Performance

LON BREE opened at GBX 295 on Wednesday. The firm has a 50-day moving average price of GBX 298.25 and a two-hundred day moving average price of GBX 320.33. Breedon Group has a 12-month low of GBX 271.40 and a 12-month high of GBX 400.60. The company has a market capitalization of £1.02 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.56 and a beta of 1.06. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71.

Insiders Place Their Bets

In other news, insider Clive Watson bought 2,611 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of GBX 300 per share, for a total transaction of £7,833. Also, insider Rob Wood sold 28,559 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of GBX 314, for a total transaction of £89,675.26. Insiders have bought 16,411 shares of company stock worth $4,937,100 over the last ninety days. Corporate insiders own 23.27% of the company’s stock.

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.