Peel Hunt Reaffirms “Buy” Rating for Breedon Aggregates Ltd (BREE)
Breedon Aggregates Ltd (LON:BREE)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 77 ($0.94) price objective on the stock. Peel Hunt’s target price points to a potential upside of 12.82% from the company’s previous close.
Other analysts also recently issued reports about the company. Jefferies Group dropped their price objective on Breedon Aggregates from GBX 78 ($0.95) to GBX 70 ($0.85) and set a “buy” rating for the company in a research report on Wednesday, June 29th. Goodbody reaffirmed a “buy” rating on shares of Breedon Aggregates in a report on Monday, August 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 80 ($0.98) target price on shares of Breedon Aggregates in a report on Friday, July 22nd. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 82 ($1.00) target price on shares of Breedon Aggregates in a report on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 80.75 ($0.98).
Breedon Aggregates (LON:BREE) opened at 68.25 on Tuesday. The stock’s 50 day moving average price is GBX 70.85 and its 200 day moving average price is GBX 70.18. The company’s market cap is GBX 785.97 million. Breedon Aggregates has a 12-month low of GBX 53.00 and a 12-month high of GBX 77.13.
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In other news, insider Williams,David sold 6,710,636 shares of the stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of GBX 72 ($0.88), for a total value of £4,831,657.92 ($5,888,675.10).
About Breedon Aggregates
Breedon Aggregates Limited is a United Kingdom-based holding company for companies involved in the quarrying, production and sale of aggregates and related activities. The Company is an integrated aggregates company. The principal activities of the Company are the quarrying of aggregates and the production of added value products, including asphalt and ready-mixed concrete, collectively known as aggregates, together with related activities in Great Britain and Jersey.
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