Breedon Group (LON:BREE) Shares Up 13% – Should You Buy?

Breedon Group plc (LON:BREE) was up 13% during trading on Wednesday . The company traded as high as GBX 490 ($6.31) and last traded at GBX 483 ($6.22). Approximately 5,565,298 shares were traded during trading, an increase of 220% from the average daily volume of 1,737,928 shares. The stock had previously closed at GBX 427.50 ($5.51).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BREE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 520 ($6.70) price target on shares of Breedon Group in a research report on Friday, November 22nd. Berenberg Bank raised their price target on Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 575 ($7.41) price objective on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Stock Performance

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 firm has a market capitalization of £1.63 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.56 and a beta of 1.29. The stock has a fifty day moving average of GBX 435.67 and a 200-day moving average of GBX 434.79.

Breedon Group (LON:BREE) last posted its quarterly earnings data on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. On average, research analysts anticipate 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.