Breedon Group (LON:BREE) Given New GBX 310 Price Target at Citigroup

Breedon Group (LON:BREE) had its price objective dropped by research analysts at Citigroup from GBX 340 to GBX 310 in a report issued on Wednesday, June 24th, MarketBeat reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential downside of 4.79% from the stock’s previous close.

A number of other brokerages have also recently weighed in on BREE. Stifel Nicolaus dropped their target price on shares of Breedon Group from GBX 430 to GBX 415 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Berenberg Bank reissued a “buy” rating and set a GBX 465 price target on shares of Breedon Group in a report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 443.

Breedon Group Stock Performance

Shares of LON:BREE traded up GBX 5 on Wednesday, reaching GBX 325.60. 791,864 shares of the company’s stock were exchanged, compared to its average volume of 7,334,669. The firm has a market capitalization of £1.13 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.56 and a beta of 1.06. Breedon Group has a fifty-two week low of GBX 271.40 and a fifty-two week high of GBX 383.80. The business’s 50-day moving average is GBX 297.20 and its two-hundred day moving average is GBX 316.79. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71.

Insider Activity

In other news, insider Clive Watson purchased 11,271 shares of Breedon Group stock in a transaction dated Monday, May 11th. The stock was bought at an average price of GBX 301 per share, with a total value of £33,925.71. Insiders have acquired a total of 16,411 shares of company stock worth $4,937,100 over the last three months. Insiders own 23.27% 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.