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The latest update is out from Breedon ( (GB:BREE) ).
Breedon Group PLC announced that Abicad Holding Limited, closely associated with Non-executive Chair Amit Bhatia, acquired 400,000 ordinary shares through option agreements. This acquisition increases Abicad’s stake to approximately 19.23% of Breedon’s total issued share capital, with potential to rise further. The transactions align with Abicad’s strategy to gradually 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 £3.40 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, ready-mixed concrete, and cement. The company serves a diverse range of markets, including infrastructure, commercial, and residential construction projects.
Average Trading Volume: 1,326,260
Technical Sentiment Signal: Sell
Current Market Cap: £1.15B
See more data about BREE stock on TipRanks’ Stock Analysis page.