Zacks Investment Research downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to Sell in a report released today.
- Updated: October 4, 2016
Yesterday Beacon Roofing Supply, Inc. (NASDAQ:BECN) traded 1.59% higher at $41.86. The company’s 50-day moving average is $44.05 and its 200-day moving average is $44.01. The last stock close price is down -4.20% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 838,084 shares of the stock were exchanged, up from an average trading volume of 562,078
Zacks Investment Research has downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to Sell in a report released on 10/04/2016.
Previously on 9/07/2016, Wedbush reported about Beacon Roofing Supply, Inc. (NASDAQ:BECN) raised the target price from $0.00 to $50.00. At the time, this indicated a possible upside of 0.10%.
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Beacon Roofing Supply, Inc. has a 52 week low of $32.24 and a 52 week high of $48.96 with a P/E ratio of 33.17 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have issued a report on the stock. The consensus target price is $51.00 with 5 firms rating the stock a strong buy, 5 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Beacon Roofing Supply, Inc. is a distributor of residential and non-residential roofing materials in the United States. The Company operates in the wholesale distribution of building materials segment. The Company distributes other complementary building materials, such as waterproofing systems for residential and non-residential building exteriors. The Company's product portfolio includes residential and nonresidential roofing products, as well as complementary building products, such as siding, windows and specialty lumber products. It provides its customers an array of services, including advice and assistance to contractors throughout the construction process, including product identification, specification and technical support; metal fabrication and related metal roofing design and layout services; trade credit, and marketing support, including project leads for contractors.
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