Breedon Group (LON:BREE) Trading Up 13% – Should You Buy?

Breedon Group plc (LON:BREE)’s share price shot up 13% during mid-day trading on Wednesday . The stock traded as high as GBX 490 ($6.31) and last traded at GBX 483 ($6.22). 5,565,298 shares traded hands during mid-day trading, an increase of 220% from the average session volume of 1,737,928 shares. The stock had previously closed at GBX 427.50 ($5.51).

Analysts Set New Price Targets

Several research firms recently issued reports on BREE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.70) price target on shares of Breedon Group in a report on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 575 ($7.41) price target on shares of Breedon Group in a report on Friday, November 22nd. Finally, Berenberg Bank raised their price target on Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the company a “buy” rating in a report on Thursday.

Breedon Group Stock Down 0.9 %

The firm has a 50 day simple moving average of GBX 435.67 and a two-hundred day simple moving average of GBX 434.79. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The stock has a market cap of £1.63 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth 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 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 expect 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.