Breedon Group’s (BREE) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Breedon Group (LON:BREE) in a research note published on Thursday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 475 price objective on the stock.

Several other research analysts have also recently weighed in on BREE. Citigroup cut their price target on shares of Breedon Group from GBX 340 to GBX 310 and set a “neutral” rating on the stock in a report on Wednesday, June 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 465 price objective on shares of Breedon Group in a research note on Wednesday, June 10th. Five 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.com, Breedon Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 448.33.

Breedon Group Price Performance

BREE opened at GBX 331 on Thursday. Breedon Group has a 1 year low of GBX 271.40 and a 1 year high of GBX 383.80. The company has a debt-to-equity ratio of 62.39, a current ratio of 1.40 and a quick ratio of 1.12. The company has a market capitalization of £1.15 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.56 and a beta of 1.06. The firm’s fifty day moving average price is GBX 300.26 and its two-hundred day moving average price is GBX 316.74.

Breedon Group (LON:BREE) last announced its earnings results on Wednesday, July 29th. The company reported GBX 9.40 EPS for the quarter. Breedon Group had a net margin of 4.66% and a return on equity of 6.73%. As a group, analysts anticipate that Breedon Group will post 36.8586859 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Clive Watson purchased 11,271 shares of Breedon Group stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of GBX 301 per share, for a total transaction of £33,925.71. Insiders have bought a total of 16,411 shares of company stock worth $4,937,100 in the last three months. 23.27% of the stock is currently 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.