Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Breedon ( (GB:BREE) ) has shared an update.
Breedon Group PLC announced that Abicad Holding Limited, closely associated with Amit Bhatia, the Non-executive Chair of the company, has acquired a total of 400,000 ordinary shares through the exercise of option agreements. This acquisition increases Abicad’s stake to approximately 19.12% of Breedon’s total issued share capital. The transactions reflect Abicad’s ongoing strategy to increase its holdings in the company, potentially impacting Breedon’s market positioning and shareholder dynamics.
The most recent analyst rating on (GB:BREE) stock is a Hold with a £333.00 price target. To see the full list of analyst forecasts on Breedon stock, see the GB:BREE Stock Forecast page.
Spark’s Take on GB:BREE Stock
According to Spark, TipRanks’ AI Analyst, GB:BREE is a Neutral.
Breedon’s strong financial performance and attractive valuation are offset by bearish technical indicators. The company is fundamentally sound with growth potential, but current market momentum suggests caution in the short term.
To see Spark’s full report on GB:BREE stock, click here.
More about Breedon
Breedon Group PLC operates in the construction materials industry, primarily focusing on the production and supply of aggregates, asphalt, cement, and ready-mixed concrete. The company serves a diverse range of markets, including infrastructure, commercial, and residential construction projects.
Average Trading Volume: 1,341,255
Technical Sentiment Signal: Sell
Current Market Cap: £1.17B
Find detailed analytics on BREE stock on TipRanks’ Stock Analysis page.