Atkore International Group Inc (NASDAQ:ATKR) shares traded down 8.8% during mid-day trading on Monday . The stock traded as low as $14.35 and last traded at $14.35, with a volume of 85,442 shares changing hands. The stock had previously closed at $15.73.

Several research analysts recently issued reports on the company. Citigroup Inc. assumed coverage on Atkore International Group in a research report on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price on the stock. Deutsche Bank AG assumed coverage on Atkore International Group in a research report on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price on the stock. Royal Bank Of Canada initiated coverage on Atkore International Group in a research report on Tuesday, July 5th. They set an “outperform” rating and a $20.00 target price on the stock. Wells Fargo & Co. initiated coverage on Atkore International Group in a research report on Tuesday, July 5th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Atkore International Group in a research report on Thursday, July 7th. They issued a “neutral” rating and a $19.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Atkore International Group currently has an average rating of “Buy” and an average target price of $19.83.

The firm has a market cap of $955.61 million and a price-to-earnings ratio of 66.52. The firm has a 50-day moving average of $0.00 and a 200-day moving average of $0.00.

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