Beacon Roofing Supply Reaches Analyst Target Price
April 25, 2017 at 09:38 AM EDT
In recent trading, shares of Beacon Roofing Supply Inc (BECN) have crossed above the average analyst 12-month target price of $50.75, changing hands for $51.09/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..