Breedon Group (LON:BREE) Trading 15.1% Higher – Here’s What Happened

Breedon Group plc (LON:BREE) shares were up 15.1% on Wednesday . The stock traded as high as GBX 501 ($6.41) and last traded at GBX 492.10 ($6.30). 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 ($5.47).

Analysts Set New Price Targets

Several equities analysts recently weighed in on BREE shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 520 ($6.65) target price on shares of Breedon Group in a research report on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 575 ($7.36) target price on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Stock Performance

The firm has a fifty day simple moving average of GBX 434.18 and a two-hundred day simple moving average of GBX 433.88. The company has a debt-to-equity ratio of 44.86, a current ratio of 1.44 and a quick ratio of 1.12. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last posted its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) EPS for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. On average, analysts expect that Breedon Group plc will post 36.8586859 EPS for the current year.

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 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.