Breedon Group (LON:BREE) was downgraded by investment analysts at Peel Hunt to an “add” rating in a research report issued on Wednesday. They currently have a GBX 92 ($1.24) target price on the stock, up from their previous target price of GBX 90 ($1.21). Peel Hunt’s target price indicates a potential upside of 6.36% from the company’s previous close.
A number of other research analysts also recently commented on BREE. Shore Capital restated a “buy” rating on shares of Breedon Group in a research note on Friday, September 22nd. Jefferies Group boosted their target price on Breedon Group from GBX 99 ($1.33) to GBX 102 ($1.37) and gave the company a “buy” rating in a research note on Tuesday, September 19th. Barclays initiated coverage on Breedon Group in a research report on Monday, November 27th. They issued an “overweight” rating and a GBX 93 ($1.25) price target for the company. Finally, Numis Securities reaffirmed an “add” rating and issued a GBX 96 ($1.29) price target on shares of Breedon Group in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Breedon Group presently has a consensus rating of “Buy” and a consensus price target of GBX 93.60 ($1.26).
Breedon Group (BREE) opened at GBX 86.50 ($1.16) on Wednesday. Breedon Group has a 52 week low of GBX 71 ($0.96) and a 52 week high of GBX 92.50 ($1.24).
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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