Barclays Lowers Breedon Group (LON:BREE) to Equal weight

Breedon Group (LON:BREE) was downgraded by stock analysts at Barclays to an “equal weight” rating in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. They currently have a GBX 75 ($0.98) price objective on the stock, down from their previous price objective of GBX 86 ($1.12). Barclays‘s price target points to a potential upside of 8.07% from the company’s current price.

A number of other brokerages also recently commented on BREE. Peel Hunt reissued an “add” rating and issued a GBX 76 ($0.99) price objective on shares of Breedon Group in a research note on Wednesday, May 29th. Shore Capital reissued a “buy” rating on shares of Breedon Group in a research note on Wednesday, March 6th. Numis Securities reissued a “buy” rating on shares of Breedon Group in a research note on Monday, June 3rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 85 ($1.11) price objective on shares of Breedon Group in a research note on Monday, June 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 85.25 ($1.11).

Shares of LON:BREE opened at GBX 69.40 ($0.91) on Thursday. The company has a market capitalization of $1.17 billion and a P/E ratio of 17.35. Breedon Group has a 52 week low of GBX 55.20 ($0.72) and a 52 week high of GBX 84 ($1.10). The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 45.04.

About Breedon Group

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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