Royal Bank of Canada Lowers Breedon Group (LON:BREE) Price Target to GBX 625

Breedon Group (LON:BREE - Free Report) had its price objective lowered by Royal Bank of Canada from GBX 650 ($8.64) to GBX 625 ($8.31) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage currently has an outperform rating on the stock.

Separately, Berenberg Bank increased their price objective on shares of Breedon Group from GBX 540 ($7.18) to GBX 590 ($7.84) and gave the company a "buy" rating in a report on Thursday, March 6th.

Breedon Group Price Performance

Shares of BREE traded down GBX 4.60 ($0.06) during trading hours on Tuesday, hitting GBX 444.40 ($5.91). 1,208,322 shares of the stock were exchanged, compared to its average volume of 2,522,044. The stock's 50-day moving average price is GBX 451.36 and its two-hundred day moving average price is GBX 443.67. Breedon Group has a 12-month low of GBX 356 ($4.73) and a 12-month high of GBX 501 ($6.66). The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market cap of £1.53 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE - Get Free Report) last released its 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 net margin of 6.34% and a return on equity of 8.58%. Research analysts expect that Breedon Group will post 36.8586859 earnings per share for the current year.

Breedon Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be paid a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is an increase from Breedon Group's previous dividend of $4.50. This represents a dividend yield of 2.09%. Breedon Group's dividend payout ratio (DPR) is 50.13%.

Insider Transactions at Breedon Group

In other news, insider James Brotherton sold 43,648 shares of Breedon Group stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.72), for a total transaction of £187,686.40 ($249,549.79). Insiders own 23.90% of the company's stock.

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 1.5bn 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.