Beacon Roofing Supply (BECN) Receives Price Target

Beacon Roofing Supply (BECN) : The highest short term price target forecast on Beacon Roofing Supply (BECN) is $57 and the lowest target price is $46. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $51 with a standard deviation of $4.

Beacon Roofing Supply (BECN) : The consensus on Beacon Roofing Supply (BECN) based on 8 analyst recommendation on the company stock is 1.88, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Jefferies initiates coverage on Beacon Roofing Supply (NASDAQ:BECN). The shares have now been rated Hold by the stock experts at the ratings house. Jefferies announces the current price target of $46 per share on Beacon Roofing Supply . The rating by the firm was issued on July 6, 2016.

Beacon Roofing Supply (NASDAQ:BECN): The stock opened at $46.09 on Thursday but the bulls could not build on the opening and the stock topped out at $46.09 for the day. The stock traded down to $45.19 during the day, due to lack of any buying support eventually closed down at $45.79 with a loss of -0.41% for the day. The stock had closed at $45.98 on the previous day. The total traded volume was 385,416 shares.

Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.