Clive Watson Purchases 3,223 Shares of Breedon Group plc (LON:BREE) Stock

Breedon Group plc (LON:BREE) insider Clive Watson purchased 3,223 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of GBX 450 ($5.97) per share, for a total transaction of £14,503.50 ($19,250.73).

Breedon Group Stock Performance

LON BREE opened at GBX 448 ($5.95) on Friday. The company has a market capitalization of £1.54 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. The company has a debt-to-equity ratio of 44.86, a quick ratio of 1.12 and a current ratio of 1.44. Breedon Group plc has a 52-week low of GBX 366 ($4.86) and a 52-week high of GBX 501 ($6.65). The company has a 50-day simple moving average of GBX 451.07 and a 200 day simple moving average of GBX 445.06.

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

Breedon Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 3rd will be paid a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Breedon Group’s previous dividend of $4.50. This represents a dividend yield of 2.09%. Breedon Group’s payout ratio is presently 50.13%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BREE. Berenberg Bank boosted their target price on Breedon Group from GBX 540 ($7.17) to GBX 590 ($7.83) and gave the stock a “buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada dropped their price target on Breedon Group from GBX 650 ($8.63) to GBX 625 ($8.30) and set an “outperform” rating on the stock in a report on Tuesday, April 15th.

Breedon Group Company Profile

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 1.5bn 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.