GMS Inc (NYSE:GMS) shares rose 5.3% during trading on Friday . The stock traded as high as $23.72 and last traded at $23.40, with a volume of 73,043 shares traded. The stock had previously closed at $22.23.

GMS has been the subject of several recent research reports. Credit Suisse Group AG initiated coverage on shares of GMS in a report on Monday, June 20th. They set an “outperform” rating and a $26.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of GMS in a report on Monday, June 20th. They set an “outperform” rating and a $27.00 target price for the company. SunTrust Banks Inc. initiated coverage on shares of GMS in a report on Monday, June 20th. They set a “buy” rating and a $28.00 target price for the company. Stephens initiated coverage on shares of GMS in a report on Monday, June 20th. They set an “overweight” rating for the company. Finally, Robert W. Baird initiated coverage on shares of GMS in a report on Monday, June 20th. They set a “neutral” rating and a $25.00 target price for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. GMS currently has an average rating of “Buy” and a consensus target price of $26.40.

The stock has a market cap of $75.77 million and a PE ratio of 16.56. The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.

In other news, Director Theron I. Gilliam purchased 10,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was purchased at an average price of $21.00 per share, for a total transaction of $210,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $210,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Craig D. Apolinsky purchased 4,700 shares of the stock in a transaction on Wednesday, June 1st. The shares were purchased at an average price of $21.00 per share, with a total value of $98,700.00. Following the acquisition, the vice president now owns 4,700 shares in the company, valued at approximately $98,700. The disclosure for this purchase can be found here.

GMS Inc is a distributor of wallboard and suspended ceilings systems. The Company’s seven segments include Central, Northeast, Southern, Southeast, Southwest and Western, Tool Source Warehouse, Inc and other. It offers wallboard, which is used in building products for interior and exterior walls, and ceilings in residential and commercial structures.

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