Stifel raises Beacon Roofing Supply target to $131
Stifel analysts increased the price target for Beacon Roofing Supply (NASDAQ:BECN) stock to $131 from the previous target of $115, while reaffirming a Buy rating. The adjustment follows a recent takeover bid by QXO,
QXO Proposes to Acquire Beacon Roofing Supply for $124.25 Per Share in Cash
Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above Beacon’s Unaffected 90-Day Share PriceGREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply,
Beacon Roofing Supply Receives Buy Rating Amid QXO Acquisition Bid
Beacon Roofing Supply (BECN) has received a new Buy rating, initiated by Stifel Nicolaus analyst, W. Andrew Carter.Stay Ahead of the
Beacon Roofing rejects QXO's $11 billion takeover offer
Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal "significantly undervalues" the roofing material supplier.
Beacon Roofing jumps after QXO makes $124.25 a share takeover offer
Beacon Roofing (NASDAQ:BECN) soared 9.3% in premarket trading after QXO Inc. (QXO) offered to buy the building products distributor in a deal valued at about $11 billion. QXO is offering $124.25 a share for Beacon (NASDAQ:BECN),
Beacon Roofing Supply's Shares Hit All-Time High After Rejecting QXO's $11B Acquisition Offer
Shares of Beacon Roofing Supply surged to an all-time high after rejecting an acquisition offer from building-products distribution company QXO. The stock was trading 8.9% higher, at $118.53, on Wednesday afternoon,
Beacon Roofing Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
Beacon Roofing Supply stock rose sharply on Wednesday after building-products distributor QXO made an $11 billion cash bid to acquire the company. Shares of Beacon Roofing Supply rose 10% to $120 after QXO announced it had approached the company’s board with a proposal to acquire outstanding shares for $124.
Beacon Roofing Supply stock retains Hold rating as QXO confirms takeover offer
Truist Securities maintained a Hold rating and a $95.00 price target on Beacon Roofing Supply (NASDAQ:BECN) stock, despite a significant acquisition offer from QXO. According to InvestingPro data, BECN currently trades at $116,
Beacon Roofing Supply stock retains Outperform rating as BMO raises price target
BMO Capital Markets revised its price target for Beacon Roofing Supply (NASDAQ:BECN) shares, increasing it to $136 from the previous $125, while maintaining an Outperform rating. The stock, currently ...
Beacon Building Products to Host 2025 Investor Day
Beacon (Nasdaq: BECN) the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products announced today that it will host an Investor Day in New York ...
Nasdaq9d
The Analyst Verdict: Beacon Roofing Supply In The Eyes Of 7 Experts
Ratings for Beacon Roofing Supply (NASDAQ:BECN) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of ...
Raymond James sets $180 target on Builders FirstSource stock
James initiated coverage on Builders FirstSource (NYSE:BLDR) with a Strong Buy rating and a price target of $180, suggesting ...
Beacon Confirms Receipt and Reiterates Rejection of Unsolicited Proposal
Beacon (Nasdaq: BECN) (the "Company") today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares ...
ETF Daily News6d
Beacon Roofing Supply (NASDAQ:BECN) Receives Buy Rating from Stifel Nicolaus
Shares of BECN stock opened at $102.10 on Wednesday. Beacon Roofing Supply has a 12 month low of $77.54 and a 12 month high of $116.30. The company has a quick ratio of 1.14, a current ratio of 1. ...