Royal Bank of Canada Issues Pessimistic Forecast for Breedon Group (LON:BREE) Stock Price

Breedon Group (LON:BREE) had its price objective lowered by Royal Bank of Canada from GBX 650 ($8.57) to GBX 625 ($8.24) in a report issued on Tuesday,London Stock Exchange reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 38.58% from the company’s previous close.

Separately, Berenberg Bank raised their price objective on Breedon Group from GBX 540 ($7.12) to GBX 590 ($7.78) and gave the stock a “buy” rating in a report on Thursday, March 6th.

Breedon Group Stock Up 2.0 %

Breedon Group stock traded up GBX 9 ($0.12) during midday trading on Tuesday, reaching GBX 451 ($5.95). The company’s stock had a trading volume of 786,316 shares, compared to its average volume of 2,557,727. The company has a market cap of £1.55 billion, a P/E ratio of 16.15, a P/E/G 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. The business has a 50-day simple moving average of GBX 451.17 and a 200-day simple moving average of GBX 443.17. Breedon Group has a fifty-two week low of GBX 356 ($4.69) and a fifty-two week high of GBX 501 ($6.61).

Breedon Group (LON:BREE) last issued its 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%. On average, research analysts expect that Breedon Group will post 36.8586859 earnings per share for the current fiscal year.

Insider Activity

In other news, insider James Brotherton sold 43,648 shares of Breedon Group stock in a transaction dated Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.67), for a total value of £187,686.40 ($247,476.79). Corporate insiders own 23.90% of the company’s stock.

Breedon Group Company Profile

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.