Atkore International Group Inc (NASDAQ:ATKR) was down 2.1% during trading on Wednesday . The company traded as low as $16.34 and last traded at $16.60, with a volume of 84,537 shares changing hands. The stock had previously closed at $16.95.

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

The company has a market cap of $1.04 billion and a P/E ratio of 72.13. The firm has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.

In related news, major shareholder Allied Holdings L.P. Cd&R sold 12,000,000 shares of Atkore International Group stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $16.00, for a total value of $192,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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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