Breedon Group (BREE) Downgraded by Peel Hunt to Add

Peel Hunt lowered shares of Breedon Group (LON:BREE) to an add rating in a research report sent to investors on Wednesday morning. Peel Hunt currently has GBX 92 ($1.24) price objective on the stock, up from their prior price objective of GBX 90 ($1.21).

Other analysts also recently issued reports about the company. Numis Securities reaffirmed an add rating and issued a GBX 96 ($1.29) target price on shares of Breedon Group in a research note on Thursday, November 2nd. Shore Capital reaffirmed a buy rating on shares of Breedon Group in a research note on Friday, September 22nd. Jefferies Group raised their target price on Breedon Group from GBX 99 ($1.33) to GBX 102 ($1.37) and gave the stock a buy rating in a research note on Tuesday, September 19th. Finally, Barclays initiated coverage on Breedon Group in a research note on Monday, November 27th. They issued an overweight rating and a GBX 93 ($1.25) target price for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 93.60 ($1.26).

Shares of Breedon Group (LON BREE) opened at GBX 83.92 ($1.13) 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).

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About Breedon Group

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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