Breedon Group (LON:BREE) Trading Up 15.1% – What’s Next?

Breedon Group plc (LON:BREE) was up 15.1% on Wednesday . The stock traded as high as GBX 501 ($6.46) and last traded at GBX 492.10 ($6.34). Approximately 6,992,893 shares traded hands during trading, an increase of 295% from the average daily volume of 1,769,652 shares. The stock had previously closed at GBX 427.50 ($5.51).

Analyst Ratings Changes

Several equities analysts have weighed in on BREE shares. Berenberg Bank lifted their price objective on shares of Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the stock a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 520 ($6.70) price target on shares of Breedon Group in a report on Friday, November 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.41) price target on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Stock Performance

The stock has a market cap of £1.63 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The stock’s 50-day simple moving average is GBX 435.67 and its two-hundred day simple moving average is GBX 434.79.

Breedon Group (LON:BREE) last released its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. Analysts forecast that Breedon Group plc will post 36.8586859 earnings per share for the current year.

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 1bn 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.