Breedon Group (LON:BREE) Trading Up 12.7% - What's Next?

Shares of Breedon Group plc (LON:BREE - Get Free Report) rose 12.7% on Wednesday . The company traded as high as GBX 490 ($6.33) and last traded at GBX 482 ($6.23). Approximately 5,280,465 shares changed hands during trading, an increase of 205% from the average daily volume of 1,731,599 shares. The stock had previously closed at GBX 427.50 ($5.53).

Wall Street Analysts Forecast Growth

BREE has been the topic of a number of recent research reports. Berenberg Bank lifted their target price on shares of Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.63) and gave the company a "buy" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 520 ($6.72) target price on shares of Breedon Group in a report on Friday, November 22nd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a GBX 575 ($7.43) target price on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Stock Up 1.9 %

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 capitalization of £1.68 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.56 and a beta of 1.29. The business's fifty day moving average price is GBX 436.51 and its 200 day moving average price is GBX 435.51.

Breedon Group (LON:BREE - Get Free Report) last announced 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 net margin of 6.34% and a return on equity of 8.58%. On average, equities analysts expect that Breedon Group plc will post 36.8586859 EPS for the current year.

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About Breedon Group

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.