Breedon Group plc (LON:BREE - Get Free Report)'s share price rose 15.1% on Wednesday . The company traded as high as GBX 501 ($6.48) and last traded at GBX 492.10 ($6.36). Approximately 6,992,893 shares traded hands during mid-day trading, an increase of 295% from the average daily volume of 1,769,652 shares. The stock had previously closed at GBX 427.50 ($5.53).
Analyst Ratings Changes
Several research firms have commented on BREE. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 575 ($7.43) price objective on shares of Breedon Group in a research note on Friday, November 22nd. Berenberg Bank increased 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 note on Thursday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 520 ($6.72) price objective on shares of Breedon Group in a report on Friday, November 22nd.
Read Our Latest Stock Analysis on Breedon Group
Breedon Group Stock Performance
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 stock's fifty day simple moving average is GBX 436.51 and its 200 day simple moving average is GBX 435.68. The company has a market cap of £1.68 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.56 and a beta of 1.29.
Breedon Group (LON:BREE - Get Free Report) last posted its quarterly 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, analysts anticipate that Breedon Group plc will post 36.8586859 earnings per share for the current year.
Breedon Group Company Profile
(
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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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