Breedon Group (LON:BREE) Shares Up 15.9% – Should You Buy?

Shares of Breedon Group plc (LON:BREE) shot up 15.9% during trading on Wednesday . The stock traded as high as GBX 496 ($6.35) and last traded at GBX 495.55 ($6.34). Approximately 6,320,090 shares changed hands during trading, an increase of 260% from the average daily volume of 1,754,701 shares. The stock had previously closed at GBX 427.50 ($5.47).

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 575 ($7.36) price objective on shares of Breedon Group in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 520 ($6.65) price target on shares of Breedon Group in a report on Friday, November 22nd.

Breedon Group Price Performance

The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. The company’s fifty day moving average price is GBX 434.18 and its 200 day moving average price is GBX 433.88. The firm has a market capitalization of £1.65 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Breedon Group (LON:BREE) last posted its earnings results on Wednesday, March 5th. The company reported GBX 14.50 ($0.19) EPS for the quarter. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%. Equities research analysts expect that Breedon Group plc will post 36.8586859 earnings per share for the current year.

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 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.