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Wells Fargo disclosed Beacon Roofing Supply (NASDAQ:BECN), hiking its price target to $58.00 earlier today

Reporting a potential upside of 0.09%, Wells Fargo bumped up the target of Beacon Roofing Supply (NASDAQ:BECN) to $58.00

Displaying a price of $52.99, Beacon Roofing Supply (NASDAQ:BECN) traded 0.94% higher on the day. With the last stock price close up 10.99% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same period. Beacon Roofing Supply has recorded a 50-day average of $49.89 and a two hundred day average of $48.19. 155,357 shares of BECN traded hands, down from an average trading volume of 784,708

Recent Performance Chart

Beacon Roofing Supply (NASDAQ:BECN)

Beacon Roofing Supply has 52 week low of $39.57 and a 52 week high of $53.50 with a PE ratio of 31.76 and has a market capitalization of $0.

A total of 10 brokerages have issued a ratings update on Beacon Roofing Supply. Five brokerages rating the company a strong buy, five brokerages rating the company a buy, four brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $51.00.

General Company Details For Beacon Roofing Supply (NASDAQ:BECN)

Beacon Roofing Supply, Inc. is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products. The residential roofing products include asphalt shingles, clay tile, slate and metal roofing, among others. The non-residential roofing products include single-ply roofing, asphalt, metal, modified bitumen and build-up roofing, among others. The complementary building products include vinyl siding, fiber cement siding, stone veneer and windows, among others. The Company offers its products under various trade names, including Alabama Roofing Supply, Atlantic Building Products, Applicators Sales, Southern Roof Center, Statewide Wholesale, Structural Materials and The Roof Center.

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