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The latest announcement is out from Breedon ( (GB:BREE) ).
Breedon Group PLC announced that Abicad Holding Limited, closely associated with Non-executive Chair Amit Bhatia, acquired 300,000 ordinary shares through option agreements at a price of 392.745 pence per share. This acquisition increases Abicad’s holdings to approximately 19.00% of Breedon’s total issued share capital, with potential to rise to 19.35% if further options are exercised. This move aligns with Abicad’s ongoing strategy to increase its market share in Breedon, potentially impacting the company’s shareholder dynamics and market positioning.
The most recent analyst rating on (GB:BREE) stock is a Buy with a £5.17 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 Outperform.
Breedon’s strong financial performance and attractive valuation are key positives. Despite bearish technical signals, the internal confidence demonstrated by recent corporate events supports a favorable outlook. Investors should monitor technical trends closely while considering the stock’s appealing valuation and growth potential.
To see Spark’s full report on GB:BREE stock, click here.
More about Breedon
Breedon Group PLC operates in the construction materials industry, focusing on the production and supply of essential materials such as aggregates, asphalt, ready-mixed concrete, and cement. The company serves a broad market, including infrastructure, commercial, and residential sectors across the UK and Ireland.
Average Trading Volume: 1,383,173
Technical Sentiment Signal: Sell
Current Market Cap: £1.27B
Find detailed analytics on BREE stock on TipRanks’ Stock Analysis page.