Jefferies analyst Philip Ng reiterated a Hold rating on Beacon Roofing Supply (NASDAQ: BECN) today and set a price target of $40. The company’s shares opened today at $37.61, close to its 52-week low of $35.41.
According to TipRanks.com, Ng is ranked #250 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Beacon Roofing Supply with a $51.40 average price target, representing a 36.7% upside. In a report issued on August 8, Citigroup also downgraded the stock to Hold with a $44 price target.
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The company has a one-year high of $66.48 and a one-year low of $35.41. Currently, Beacon Roofing Supply has an average volume of 1.33M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BECN in relation to earlier this year.
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Beacon Roofing Supply, Inc. engages in the distribution of residential and non-residential roofing materials. It also distributes complementary building products including siding, windows, specialty exterior building products, insulation, and waterproofing systems for building exteriors.
