Beacon Roofing Supply Stock Forecast NASDAQ:BECN

Price Target and Analyst Ratings

Most Recent Rating

On August 23, 2021 "Stephens" gave "$56.00 - $67.00" rating for BECN. The price target was set to $49.37+3.4%.

Last 30 Days

Historical Ratings

Date	Rating	Action	Authority	Current Price	Target Price
2021-08-23	$56.00 - $67.00	Target Raised by	Stephens	$49.95	$49.37+3.4%
2021-08-12		Downgraded by	Berenberg Bank	$51.77	$52.96+0.6%
2021-08-10	$56.00	Downgraded by	Jefferies Financial Group	$52.65	$53.40→2.2%
2021-07-15		Initiated by	Wells Fargo & Company	$53.29	$53.29→0.1%
2021-07-15	$65.00 - $66.00	Reiterated by	Robert W. Baird	$53.29	$53.34+0.5%
2021-05-07		Target Raised by	Truist	$60.25	$49.00 → $68.00
2021-05-07		Target Raised by	Truist Securities	$60.25	$49.00 → $68.00
2021-05-07	Sector Perform	Target Raised by	Royal Bank of Canada	$60.25	$48.00 → $63.00
2021-05-07	Outperform	Target Raised by	Robert W. Baird	$60.25	$57.00 → $65.00
2021-04-21	Buy - Neutral	Reiterated by	Northcoast Research	$55.75
2021-04-20	Positive - Buy	Target Raised by	Loop Capital	$55.05	$57.00 → $63.00
2021-04-20	Outperform	Target Raised by	Robert W. Baird	$55.05	$55.00 → $57.00
2021-04-15	Buy - Neutral	Downgraded by	Northcoast Research	$55.83
2021-03-22	Peer Perform	Initiated by	Wolfe Research	$52.71
2021-03-16	Peer Perform	Initiated by	Wolfe Research	$54.06
2021-03-16	Market Perform	Initiated by	Wolfe Research	$54.06
2021-03-15	Buy	Initiated by	Stifel Nicolaus	$54.58	$61.00
2021-03-09	Buy	Initiated by	Stifel Nicolaus	$50.91
2021-02-09		Target Raised by	Truist	$45.96	$43.00 → $49.00
2021-02-09	Market Perform - Outperform	Upgraded by	BMO Capital Markets	$45.96	$47.00 → $53.00
2021-02-09	Underperform - Sector Perform	Upgraded by	Royal Bank of Canada	$45.96	$37.00 → $48.00
2021-01-26	Neutral - Buy	Upgraded by	Longbow Research	$41.49	$60.00
2021-01-26	Neutral - Buy	Upgraded by	Longbow Research	$41.49
2021-01-13	Market Perform	Initiated by	BMO Capital Markets	$42.92
2021-01-13	Market Perform	Initiated by	BMO Capital Markets	$42.92	$47.00
2020-12-22		Target Raised by	Deutsche Bank Aktiengesellschaft	$40.15	$41.00 → $44.00
2020-11-20	Average - Underperform	Target Raised by	Royal Bank of Canada	$36.99	$26.00 → $33.00
2020-11-20	Outperform	Target Raised by	Robert W. Baird	$36.99	$43.00 → $48.00
2020-11-20	Hold	Target Raised by	Deutsche Bank Aktiengesellschaft	$36.99	$35.00 → $38.00
2020-11-20	Positive - Buy	Target Raised by	Loop Capital	$36.99	$42.00 → $46.00
2020-10-16	Buy	Target Raised by	Loop Capital	$35.98	$38.00 → $42.00
2020-10-14	Hold - Buy	Upgraded by	Jefferies Financial Group	$36.26	$33.00 → $44.00
2020-10-14	Buy	Upgraded by	Jefferies Financial Group	$36.26	$44.00
2020-10-12	Neutral - Outperform	Upgraded by	Robert W. Baird	$36.29	$36.00 → $43.00
2020-10-06	Market Perform - Outperform	Upgraded by	William Blair	$34.40
2020-08-11	Overweight - Equal Weight	Downgraded by	Stephens	$30.44	$36.00
2020-08-07	Buy - Underperform	Target Raised by	Royal Bank of Canada	$31.88	$22.00 → $26.00
2020-08-07	Positive - Buy	Target Raised by	Loop Capital	$31.88	$34.00 → $38.00
2020-07-20	Hold	Reiterated by	William Blair	$27.94
2020-07-17	Neutral - Buy	Upgraded by	Northcoast Research	$28.56	$34.00
2020-06-23	Hold	Target Raised by	Deutsche Bank	$28.91	$20.00 → $26.00
2020-06-10	Hold - Average	Reiterated by	Wells Fargo & Co	$27.93
2020-05-08	Buy	Target Raised by	SunTrust Banks	$21.50	$24.00 → $26.00
2020-04-22	Neutral	Reiterated by	Wedbush	$17.02	$16.00
2020-04-19	Sector Perform - Underperform	Downgraded by	Royal Bank of Canada	$18.40
2020-04-16	Equal Weight	Target Lowered by	Wells Fargo & Co	$16.56	$30.00 → $19.00
2020-04-16	Buy	Target Lowered by	SunTrust Banks	$16.56	$38.00 → $24.00
2020-04-13	Buy - Neutral	Downgraded by	Northcoast Research	$17.92
2020-04-07	Sector Perform - Underperform	Downgraded by	Royal Bank of Canada	$15.72	$20.00 → $13.00

BECN Stock Trend

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled.

Given the current short-term trend, the stock is expected to fall -6.85% during the next 3 months and, with a 90% probability hold a price between $42.92 and $48.96 at the end of this 3-month period.

WARNING: Trend forecast is still in the development phase and should be used with caution. Some cases might produce unexpected results such as negative prices at the end of the trend.

Data

Date	Bottom	Mid	Top
2021-09-30	$46.01	$49.26	$52.50
2021-10-01	$45.95	$49.20	$52.44
2021-10-04	$45.89	$49.13	$52.38
2021-10-05	$45.83	$49.07	$52.32
2021-10-06	$45.77	$49.01	$52.26
2021-10-07	$45.71	$48.95	$52.19
2021-10-08	$45.65	$48.89	$52.13
2021-10-11	$45.58	$48.83	$52.07
2021-10-12	$45.52	$48.77	$52.01
2021-10-13	$45.46	$48.71	$51.95
2021-10-14	$45.40	$48.64	$51.89
2021-10-15	$45.34	$48.58	$51.83
2021-10-18	$45.28	$48.52	$51.77
2021-10-19	$45.22	$48.46	$51.70
2021-10-20	$45.15	$48.40	$51.64
2021-10-21	$45.09	$48.34	$51.58
2021-10-22	$45.03	$48.28	$51.52
2021-10-25	$44.97	$48.21	$51.46
2021-10-26	$44.91	$48.15	$51.40
2021-10-27	$44.85	$48.09	$51.34
2021-10-28	$44.79	$48.03	$51.27
2021-10-29	$44.73	$47.97	$51.21
2021-11-01	$44.66	$47.91	$51.15
2021-11-02	$44.60	$47.85	$51.09
2021-11-03	$44.54	$47.79	$51.03
2021-11-04	$44.48	$47.72	$50.97
2021-11-05	$44.42	$47.66	$50.91
2021-11-08	$44.36	$47.60	$50.85
2021-11-09	$44.30	$47.54	$50.78
2021-11-10	$44.23	$47.48	$50.72

About Beacon Roofing Supply

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, building owners, and other resellers. The companys residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, wood shingles and shakes, nails and fa... Read more

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