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Breedon Group (LON:BREE) Stock Price Up 13% - Here's What Happened

Breedon Group logo with Basic Materials background
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Breedon Group plc (LON:BREE - Get Free Report) shares shot up 13% during mid-day trading on Wednesday . The company traded as high as GBX 490 ($6.33) and last traded at GBX 483 ($6.24). 5,565,298 shares changed hands during trading, an increase of 220% from the average session volume of 1,737,928 shares. The stock had previously closed at GBX 427.50 ($5.53).

Analyst Ratings Changes

A number of research firms have recently issued reports on BREE. Berenberg Bank boosted their price objective on Breedon Group from GBX 540 ($6.98) to GBX 590 ($7.63) and gave the company a "buy" rating in a research report on Thursday. Royal Bank of Canada restated an "outperform" rating and set a GBX 575 ($7.43) price objective on shares of Breedon Group in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 520 ($6.72) price objective on shares of Breedon Group in a research report on Friday, November 22nd.

Read Our Latest Analysis on Breedon Group

Breedon Group Stock Up 1.9 %

The business has a 50-day simple moving average of GBX 436.51 and a two-hundred day simple moving average of GBX 435.51. The stock has a market capitalization of £1.68 billion, a P/E ratio of 17.44, a PEG ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86.

Breedon Group (LON:BREE - Get Free Report) last announced its quarterly 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%. Equities research analysts forecast that Breedon Group plc will post 36.8586859 earnings per share for the current fiscal year.

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About Breedon Group

(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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