What latest ratings expect about Beacon Roofing Supply?

Updated on:
Nov 20th, 2020

Beacon Roofing Supply, Inc. ($BECN) closed at $37.68 inching by 1.48% after Deutsche Bank Aktiengesellschaft, Loop Capital and 2 others posted ratings on Friday on the firm

Four analysts rated Beacon Roofing Supply on Friday.

Ratings posted on Friday were:

  • Deutsche Bank Aktiengesellschaft rated BECN with neutral
  • Loop Capital posted a strong bullish rating
  • Robert W. Baird increased the price target from $43.00 to $48.00 (27.39% versus the closing price) with a bullish rating
  • Royal Bank of Canada marked up the price target from $26.00 to $33.00 with a sell rating

Calculating an average of the ratings released on Friday, it draws a value of -1 on a scale that goes from -2 (strongly bearish) and 2 (strongly bullish), with an averaged price target of $41.25, expecting a price growth of 9.47%

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.. The stock belongs to the Building Products & Equipment industry in the Industrials sector. Headquarters are based in Herndon, United States, and employs 8,147 people worldwide. Its corporate website is http://www.becn.com.

Stocks2.com posts daily updated reports on US market stocks, including Beacon Roofing Supply ratings, analysts recommendations and target prices.

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