Breedon Group (LON:BREE) Rating Lowered to Equal weight at Barclays

Breedon Group (LON:BREE) was downgraded by stock analysts at Barclays to an “equal weight” rating in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. They presently have a GBX 75 ($0.98) price target on the stock, down from their prior price target of GBX 86 ($1.12). Barclays‘s price objective would indicate a potential upside of 7.91% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Peel Hunt reiterated an “add” rating on shares of Breedon Group in a report on Tuesday, April 30th. Berenberg Bank reiterated a “buy” rating and issued a GBX 85 ($1.11) price objective on shares of Breedon Group in a report on Monday, June 3rd. Numis Securities reiterated a “buy” rating on shares of Breedon Group in a report on Monday, June 3rd. Finally, Shore Capital restated a “buy” rating on shares of Breedon Group in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Breedon Group currently has an average rating of “Buy” and an average price target of GBX 85.25 ($1.11).

BREE stock opened at GBX 69.50 ($0.91) on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 45.04. The firm has a market capitalization of $1.17 billion and a P/E ratio of 17.38. Breedon Group has a 12-month low of GBX 55.20 ($0.72) and a 12-month high of GBX 84 ($1.10).

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.

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Analyst Recommendations for Breedon Group (LON:BREE)

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