Beacon Roofing Supply (BECN) Rating Lowered to Hold at BidaskClub

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Beacon Roofing Supply, Inc. (BECN)("Beacon" or the "Company") announced today that it was named to the 2019 Fortune 500, published by Fortune Magazine in June of each year. This is Beacon.

16 brokerages have issued 12 month target prices for Beacon Roofing Supply’s stock. Their forecasts range from $30.00 to $61.00. On average, they anticipate Beacon Roofing Supply’s stock price to reach $40.0625 in the next year. This suggests a possible upside of 11.8% from the stock’s current price.

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Beacon Roofing Supply (NASDAQ:BECN) was downgraded by investment analysts at BidaskClub from a "hold" rating to a "sell" rating in a research note issued on Thursday. A number of other equities analysts have also weighed in on the stock. SunTrust Banks restated a "buy" rating and set a $44.00 price target on shares of Beacon [.]

Beacon Roofing Supply ( BECN) is one of the companies pushing the Materials & Construction industry higher today. and 7 rate it a hold. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a.

Jennison Associates LLC cut its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,898,861 shares of the company’s stock after selling 56,278 shares during the quarter.

BidaskClub raised Beacon Roofing Supply from a hold rating to a buy rating in a research report on Wednesday, January 9th. Raymond James set a .00 target price on Beacon Roofing Supply and gave the stock a buy rating in a research report on Friday, February 8th.

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Robert W. Baird lowered their price objective on shares of Beacon Roofing Supply from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Tuesday, March 26th. bidaskclub cut shares of Beacon Roofing Supply from a "buy" rating to a "hold" rating in a research report on Friday, March 1st.

Beacon Roofing Supply (NASDAQ:BECN) was downgraded by equities researchers at BidaskClub from a "buy" rating to a "hold" rating in a report issued on Friday, BidAskClub reports. Several other equities analysts have also recently issued reports on the stock.