Breedon Group (LON:BREE) Hits New 12-Month Low – What’s Next?

Breedon Group plc (LON:BREE) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 292.80 and last traded at GBX 293.80, with a volume of 529798 shares trading hands. The stock had previously closed at GBX 300.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus cut their price objective on 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 restated a “buy” rating and set a GBX 465 price target on shares of Breedon Group in a report on Monday, March 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 449.

Breedon Group Stock Up 1.0%

The firm has a 50-day moving average of GBX 315.58 and a two-hundred day moving average of GBX 328.89. The stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 53.71.

Breedon Group (LON:BREE) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 31.80 EPS for the quarter. Breedon Group had a return on equity of 7.14% and a net margin of 4.89%. As a group, sell-side analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current year.

Insider Buying and Selling

In other Breedon Group news, insider James Brotherton sold 19,318 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of GBX 314, for a total value of £60,658.52. Also, insider Rob Wood sold 28,559 shares of Breedon Group stock in a transaction on Monday, April 13th. The shares were sold at an average price of GBX 314, for a total transaction of £89,675.26. Over the last three months, insiders purchased 16,411 shares of company stock worth $4,937,100. 42.70% of the stock is owned by company insiders.

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.