Breedon Group (LON:BREE) Price Target Lowered to GBX 625 at Royal Bank of Canada

Breedon Group (LON:BREE) had its price target decreased by Royal Bank of Canada from GBX 650 ($8.62) to GBX 625 ($8.29) in a report released on Tuesday, MarketBeat Ratings reports. Royal Bank of Canada currently has an outperform rating on the stock.

Separately, Berenberg Bank boosted their price objective on shares of Breedon Group from GBX 540 ($7.16) to GBX 590 ($7.83) and gave the company a “buy” rating in a research note on Thursday, March 6th.

Breedon Group Trading Down 1.0 %

LON:BREE opened at GBX 444.40 ($5.90) on Tuesday. Breedon Group has a 1 year low of GBX 356 ($4.72) and a 1 year high of GBX 501 ($6.65). The stock’s fifty day moving average price is GBX 451.33 and its two-hundred day moving average price is GBX 443.67. 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 company has a market cap of £1.53 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last issued 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%. As a group, analysts expect that Breedon Group will post 36.8586859 EPS for the current year.

Breedon Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be paid a GBX 10 ($0.13) dividend. This is a positive change from Breedon Group’s previous dividend of $4.50. This represents a yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 3rd. Breedon Group’s dividend payout ratio is currently 50.13%.

Insider Transactions at Breedon Group

In related news, insider James Brotherton sold 43,648 shares of the company’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 430 ($5.71), for a total value of £187,686.40 ($249,020.03). 23.90% of the stock is owned by insiders.

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 1.5bn 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.