Breedon Group (LON:BREE) Announces Quarterly Earnings Results

Breedon Group (LON:BREE) released its quarterly earnings results on Wednesday. The company reported GBX 14.50 ($0.19) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Breedon Group had a return on equity of 8.58% and a net margin of 6.34%.

Breedon Group Trading Up 12.4 %

LON BREE traded up GBX 53 ($0.68) during trading hours on Wednesday, hitting GBX 480.50 ($6.15). 7,503,342 shares of the company were exchanged, compared to its average volume of 1,780,996. The stock has a market cap of £1.65 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 44.86. The stock has a 50-day moving average price of GBX 434.18 and a 200 day moving average price of GBX 433.88. Breedon Group has a 52 week low of GBX 356 ($4.55) and a 52 week high of GBX 501 ($6.41).

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BREE shares. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 575 ($7.36) target price on shares of Breedon Group in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 520 ($6.65) target price on shares of Breedon Group in a research note on Friday, November 22nd.

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.