Robert W. Baird analyst David Manthey reiterated a Hold rating on Beacon Roofing Supply (BECN) yesterday and set a price target of $29. The company’s shares closed yesterday at $27.77, close to its 52-week low of $24.97.
According to TipRanks.com, Manthey is a 4-star analyst with an average return of 10.1% and a 67.0% success rate. Manthey covers the Services sector, focusing on stocks such as SiteOne Landscape Supply, Wesco International, and MRC Global.
The word on The Street in general, suggests a Hold analyst consensus rating for Beacon Roofing Supply with a $35 average price target.
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Beacon Roofing Supply’s market cap is currently $1.89B and has a P/E ratio of 23.34. The company has a Price to Book ratio of 1.03.
Based on the recent corporate insider activity of 19 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.
