Published On: Mon, Sep 12th, 2016

Goodbody Reiterates “Buy” Rating for Breedon Aggregates Ltd (BREE)

Breedon Aggregates Ltd (LON:BREE)‘s stock had its “buy” rating reiterated by analysts at Goodbody in a note issued to investors on Monday.
Several other analysts have also recently weighed in on the stock. Jefferies Group dropped their price target on shares of Breedon Aggregates from GBX 78 ($1.04) to GBX 70 ($0.93) and set a “buy” rating for the company in a research note on Wednesday, June 29th. Peel Hunt reissued a “buy” rating and issued a GBX 77 ($1.03) price target on shares of Breedon Aggregates in a research note on Thursday, July 21st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 80 ($1.07) price target on shares of Breedon Aggregates in a research note on Friday, July 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 80.75 ($1.08).
Shares of Breedon Aggregates (LON:BREE) traded down 1.69% during trading on Monday, reaching GBX 73.13. 879,812 shares of the company were exchanged. Breedon Aggregates has a 1-year low of GBX 50.45 and a 1-year high of GBX 77.13. The firm has a 50-day moving average price of GBX 71.47 and a 200-day moving average price of GBX 69.79. The stock’s market capitalization is GBX 842.17 million.

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In other Breedon Aggregates news, insider Ward,Pat purchased 50,000 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was bought at an average price of GBX 67 ($0.89) per share, with a total value of £33,500 ($44,619.07). Also, insider Williams,David sold 6,710,636 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of GBX 72 ($0.96), for a total transaction of £4,831,657.92 ($6,435,346.19).
Breedon Aggregates Company Profile
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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