Breedon Group (LON:BREE) Hits New 52-Week High – Here’s What Happened

Breedon Group plc (LON:BREE) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 459 ($5.78) and last traded at GBX 443.50 ($5.58), with a volume of 13311 shares changing hands. The stock had previously closed at GBX 442.50 ($5.57).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.24) price target on shares of Breedon Group in a report on Friday.

Breedon Group Trading Up 1.3 %

The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.85. The stock has a market capitalization of £1.57 billion, a PE ratio of 1,628.57, a PEG ratio of 1.56 and a beta of 1.29. The business’s 50-day moving average is GBX 431.47 and its two-hundred day moving average is GBX 410.59.

Insiders Place Their Bets

In other news, insider Clive Watson bought 261 shares of the stock in a transaction on Tuesday, November 12th. The stock was purchased at an average cost of GBX 457 ($5.75) per share, with a total value of £1,192.77 ($1,501.66). 23.90% of the stock is currently owned by company insiders.

About Breedon Group

Breedon Group plc, together with its subsidiaries, engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom, Republic of Ireland, and internationally. It offers various aggregates, such as crushed rock, high polished stone value, sand and gravel, self-binding gravels, decorative aggregates, recycled aggregates, white limestone products, agricultural lime, granular mineral fillers, and welsh slates for use in the construction market.