Atkore International Group Inc (NASDAQ:ATKR)’s share price was up 3.4% during mid-day trading on Monday . The company traded as high as $16.69 and last traded at $16.55, with a volume of 405,870 shares traded. The stock had previously closed at $16.00.

A number of equities analysts recently issued reports on ATKR shares. Credit Suisse Group AG started coverage on Atkore International Group in a report on Tuesday, July 5th. They issued a “neutral” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Atkore International Group in a research note on Thursday, July 7th. They set a “neutral” rating and a $19.00 price objective on the stock. Wells Fargo & Co. initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set an “outperform” rating and a $20.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Deutsche Bank AG initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set a “buy” rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $19.83.

The firm has a market cap of $1.04 billion and a P/E ratio of 72.52. The company has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.

In related news, major shareholder Allied Holdings L.P. Cd&R sold 12,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $16.00, for a total transaction of $192,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Atkore International Group Inc, located in the US, manufactures and wholesales galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components. It is also a holding company.

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