Breedon Group (LON:BREE) Stock Price Up 12.7% – Still a Buy?

Breedon Group plc (LON:BREE) shot up 12.7% during trading on Wednesday . The stock traded as high as GBX 490 ($6.27) and last traded at GBX 482 ($6.17). 5,280,465 shares traded hands during mid-day trading, an increase of 205% from the average session volume of 1,731,599 shares. The stock had previously closed at GBX 427.50 ($5.47).

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 520 ($6.65) price target on shares of Breedon Group in a report on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 575 ($7.36) target price on shares of Breedon Group in a research note on Friday, November 22nd.

Breedon Group Price Performance

The stock has a market capitalization of £1.65 billion, a PE ratio of 17.15, a P/E/G ratio of 1.56 and a beta of 1.29. 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’s 50 day simple moving average is GBX 434.18 and its 200 day simple moving average is GBX 433.88.

Breedon Group (LON:BREE) last issued its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) EPS for the quarter. Breedon Group had a net margin of 6.34% and a return on equity of 8.58%. As a group, equities analysts forecast that Breedon Group plc will post 36.8586859 EPS for the current fiscal year.

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 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.