Breedon Group (BREE) Rating Lowered to Add at Peel Hunt

Breedon Group (LON:BREE) was downgraded by investment analysts at Peel Hunt to an “add” rating in a research note issued on Wednesday. They presently have a GBX 92 ($1.24) price objective on the stock, up from their prior price objective of GBX 90 ($1.21). Peel Hunt’s price target points to a potential upside of 8.88% from the company’s previous close.

Other research analysts also recently issued reports about the company. Jefferies Group lifted their target price on Breedon Group from GBX 99 ($1.33) to GBX 102 ($1.37) and gave the stock a “buy” rating in a report on Tuesday, September 19th. Numis Securities reaffirmed an “add” rating and set a GBX 96 ($1.29) target price on shares of Breedon Group in a report on Thursday, November 2nd. Shore Capital reaffirmed a “buy” rating on shares of Breedon Group in a report on Friday, September 22nd. Finally, Barclays began coverage on Breedon Group in a report on Monday, November 27th. They set an “overweight” rating and a GBX 93 ($1.25) target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 93.60 ($1.26).

Breedon Group (LON:BREE) opened at GBX 84.50 ($1.14) on Wednesday. Breedon Group has a twelve month low of GBX 71 ($0.96) and a twelve month high of GBX 92.50 ($1.24).

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Breedon Group Company Profile

Breedon Group plc, formerly Breedon Aggregates Limited, is an independent construction materials company. The Company’s operations include a cement plant, two cementitious import terminals, approximately 60 quarries, over 30 asphalt plants, over 200 ready-mixed concrete plants and three concrete products plants.

Analyst Recommendations for Breedon Group (LON:BREE)

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