Breedon Group (LON:BREE) Releases Quarterly Earnings Results

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

Breedon Group Stock Up 12.4 %

Breedon Group stock traded up GBX 53 ($0.68) during trading hours on Wednesday, hitting GBX 480.50 ($6.15). The stock had a trading volume of 7,503,342 shares, compared to its average volume of 1,780,996. The stock’s 50-day moving average price is GBX 434.18 and its 200-day moving average price is GBX 433.88. Breedon Group has a 12-month low of GBX 356 ($4.55) and a 12-month high of GBX 501 ($6.41). 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 stock has a market capitalization of £1.65 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Analysts Set New Price Targets

BREE has been the subject of several analyst reports. 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 set a GBX 575 ($7.36) price objective on shares of Breedon Group in a research note on Friday, November 22nd.

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.