Stifel Nicolaus analyst Tobias Woerner has maintained their bullish stance on BREE stock, giving a Buy rating on February 26.
Tobias Woerner has given his Buy rating due to a combination of factors that highlight Breedon’s strong financial performance and strategic positioning. The company has delivered solid results, surpassing consensus expectations with an increase in underlying EBIT and EBITDA, despite a challenging year. This performance is supported by successful debt reduction and a healthy balance sheet, which positions the company well for future growth.
Additionally, Breedon’s strategic acquisitions, such as the Lionmark deal, enhance its growth prospects and market position. The company’s low carbon footprint and positive infrastructure outlook in the UK and Ireland further contribute to its potential for valuation upside. Woerner sees any temporary weaknesses in the stock as buying opportunities, given the anticipated recovery in volumes and the company’s robust fundamentals.
In another report released on February 26, UBS also maintained a Buy rating on the stock with a p470.00 price target.