Barclays Maintains Equal-Weight Rating for SiteOne Landscape Supply: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of SiteOne Landscape Supply SITE and lower its price target from $161.00 to $145.00.

Shares of SiteOne Landscape Supply are trading up 3.19% over the last 24 hours, at $123.36 per share.

A move to $145.00 would account for a 17.54% increase from the current share price.

About SiteOne Landscape Supply

SiteOne Landscape Supply Inc is one of the largest suppliers of tools and equipment. The company serves various businesses which include wholesale irrigation, outdoor lighting, nursery, landscape supplies, grass seeds, and fertilizers, turf protection products, turf care equipment, and golf course accessories for green industry professionals mainly in the United States and Canada. Its product portfolio includes irrigation supplies, fertilizer and herbicides, landscape accessories, nursery goods, natural stones and blocks, outdoor lighting and ice melt products and other products.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.