Breedon Group (LON:BREE) Releases Quarterly Earnings Results

Breedon Group (LON:BREE) posted its quarterly earnings data on Wednesday. The company reported GBX 14.50 ($0.19) EPS for the quarter, reports. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%.

Breedon Group Trading Up 1.9 %

Shares of LON BREE traded up GBX 9 ($0.12) during midday trading on Friday, reaching GBX 487 ($6.28). 53,830,113 shares of the stock were exchanged, compared to its average volume of 2,832,659. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 44.86. The company has a market capitalization of £1.68 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.56 and a beta of 1.29. The stock has a 50 day moving average price of GBX 435.67 and a 200-day moving average price of GBX 434.79. Breedon Group has a 52-week low of GBX 356 ($4.59) and a 52-week high of GBX 501 ($6.46).

Analysts Set New Price Targets

BREE has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 575 ($7.41) price target on shares of Breedon Group in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 520 ($6.70) price target on shares of Breedon Group in a research note on Friday, November 22nd. Finally, Berenberg Bank boosted their target price on Breedon Group from GBX 540 ($6.96) to GBX 590 ($7.60) and gave the stock a “buy” rating in a research note on Thursday.

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.