Barclays downgraded shares of Breedon Group (LON:BREE) to an equal weight rating in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has GBX 75 ($0.98) price objective on the stock, down from their prior price objective of GBX 86 ($1.12).
Several other analysts have also recently commented on BREE. Peel Hunt reiterated an add rating and issued a GBX 75 ($0.98) target price on shares of Breedon Group in a report on Wednesday, March 6th. Shore Capital reiterated a buy rating on shares of Breedon Group in a report on Wednesday, March 6th. Numis Securities reiterated a buy rating on shares of Breedon Group in a report on Wednesday, May 1st. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 85 ($1.11) target price on shares of Breedon Group in a report on Monday, June 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 85.25 ($1.11).
BREE stock traded down GBX 0.58 ($0.01) during trading on Thursday, hitting GBX 69.13 ($0.90). The company had a trading volume of 127,889 shares, compared to its average volume of 1,180,000. Breedon Group has a one year low of GBX 55.20 ($0.72) and a one year high of GBX 84 ($1.10). The stock has a market capitalization of $1.16 billion and a PE ratio of 17.28. The company has a debt-to-equity ratio of 45.04, a current ratio of 1.16 and a quick ratio of 0.91.
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.
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