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Berenberg Bank Forecasts Strong Price Appreciation for Breedon Group (LON:BREE) Stock

Breedon Group logo with Basic Materials background
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Breedon Group (LON:BREE - Get Free Report) had its price objective lifted by research analysts at Berenberg Bank from GBX 540 ($6.95) to GBX 590 ($7.60) in a report issued on Thursday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 23.43% from the stock's current price.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 520 ($6.69) 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 ($7.40) price target on shares of Breedon Group in a research note on Friday, November 22nd.

Get Our Latest Analysis on BREE

Breedon Group Stock Down 1.8 %

Shares of LON BREE traded down GBX 9 ($0.12) during midday trading on Thursday, reaching GBX 478 ($6.15). 606,834 shares of the company's stock were exchanged, compared to its average volume of 2,786,287. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. Breedon Group has a 52-week low of GBX 356 ($4.58) and a 52-week high of GBX 501 ($6.45). The business's fifty day moving average price is GBX 436.51 and its two-hundred day moving average price is GBX 435.68. The stock has a market capitalization of £1.65 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

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Breedon Group (LON:BREE - Get Free Report) last posted its quarterly earnings data 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%. Analysts forecast that Breedon Group will post 36.8586859 EPS for the current year.

Breedon Group Company Profile

(Get Free Report)

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.

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