Business

Mass. Movers

Firm raises Beacon Roofing target price

Beacon sells roofing supplies in the United States and Canada.

AFP Getty Images/File 2012

Beacon sells roofing supplies in the United States and Canada.

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RBC Capital lifted its target price on Peabody-based Beacon Roofing Supply Inc. to $44 from $41, Zolmax News reported, citing AnalystRatingsNetwork.com. RBC rates the stock “sector perform.” Beacon reported a small quarterly loss as harsh weather in many markets cut sales. The company lost $161,000, or break-even on a per-share basis, compared with net income of $3.1 million, or 7 cents per share, a year earlier. Revenue rose 5 percent to $416.3 million.

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