In a report issued on November 21, Trey Grooms from Stephens reiterated a Buy rating on Beacon Roofing Supply (BECN), with a price target of $40. The company’s shares closed on Wednesday at $32.81.
According to TipRanks.com, Grooms ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.8% and a 32.5% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Continental Building Products, Installed Building Products, and Builders Firstsource.
Beacon Roofing Supply has an analyst consensus of Moderate Buy, with a price target consensus of $31.75, implying a -3.2% downside from current levels. In a report issued on November 20, SunTrust Robinson also maintained a Buy rating on the stock with a $38 price target.
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Beacon Roofing Supply’s market cap is currently $2.24B and has a P/E ratio of 32.93. The company has a Price to Book ratio of 1.19.
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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.
