Beacon Roofing Supply (BECN) : During the past 4 weeks, traders have been relatively bearish on Beacon Roofing Supply (BECN), hence the stock is down -9.14% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.55% relative to the S&P 500. The 4-week change in the price of the stock is -9.62% and the stock has fallen -1.38% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.37% and the 50-Day Moving Average is 6.54%.The 200 Day SMA reached 0.28%
Beacon Roofing Supply (NASDAQ:BECN): After opening at $41.99, the stock dipped to an intraday low of $41.728 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.33 and the buying power remained strong till the end. The stock closed at $42.07 for the day, a gain of 0.29% for the day session. The total traded volume was 610,599. The stocks close on the previous trading day was $42.07.
Beacon Roofing Supply (BECN) : The consensus price target for Beacon Roofing Supply (BECN) is $50.83 for the short term with a standard deviation of $3.6. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $57, however, the pessimist price target for the company is $46.
Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.