Breedon Group (LON:BREE) Stock Price Up 15.1% – Here’s Why

Breedon Group plc (LON:BREE)’s share price rose 15.1% during mid-day trading on Wednesday . The stock traded as high as GBX 501 ($6.41) and last traded at GBX 492.10 ($6.30). Approximately 6,992,893 shares changed 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 ($5.47).

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.36) target price on shares of Breedon Group in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 520 ($6.65) target price on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Trading Up 12.9 %

The company’s 50-day moving average is GBX 434.18 and its 200 day moving average is GBX 433.88. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The firm has a market cap of £1.66 billion, a PE ratio of 17.28, a P/E/G ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last released its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. As a group, sell-side analysts predict that Breedon Group plc will post 36.8586859 EPS 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.