Beacon Roofing Supply (NASDAQ:BECN) Price Target Lowered to $40.00 at Raymond James

Beacon Roofing supply (nasdaq:becn) received a $35.00 target price from research analysts at Royal Bank of Canada in a note issued to investors on Tuesday. The firm currently has a "hold" rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 7.96% from the company’s current price.

14 Wall Street analysts have issued ratings and price targets for Beacon Roofing Supply in the last 12 months. Their average twelve-month price target is $37.0714, suggesting that the stock has a possible upside of 3.23%. The high price target for BECN is $49.00 and the low price target for BECN is $30.00.

Beacon Roofing Supply, Inc. Prices Public Offering Of Common Stock. Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today the pricing of its underwritten public offering of 6,325,000 shares of its common stock at a price to the public of $47.

Beacon Roofing Supply (NASDAQ:BECN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports. Several other research analysts also recently commented on BECN. zacks investment research raised shares of Beacon Roofing Supply from a “hold” rating [.]

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Royal Bank of Canada raised their price target on Beacon Roofing Supply to $40.00 and gave the stock a sector perform rating in a research note on Thursday, May 9th.

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Royal Bank of Canada set a $35.00 price target on Beacon Roofing Supply (NASDAQ:BECN) in a research report sent to investors on Tuesday. The firm currently has a hold rating on the stock. Other equities analysts have also recently issued reports about the company. raymond james set a $45.00 target price on Beacon Roofing Supply [.]

Royal Bank of Canada raised their target price on Beacon Roofing Supply to $40.00 and gave the company a “sector perform” rating in a research note on Thursday, May 9th. Raymond James set a $45.00 target price on Beacon Roofing Supply and gave the company a “buy” rating in a research note on Tuesday, March 26th.

BidaskClub upgraded shares of Beacon Roofing Supply (NASDAQ:BECN) from a sell rating to a hold rating in a research report released on Thursday morning, BidAskClub reports. A number of other equities research analysts also recently issued reports on the stock. valuengine downgraded shares of Beacon Roofing Supply from a sell rating to a strong sell [.]