Summit Hotel Properties with ticker code (INN) have now 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 14 and 11 calculating the mean target price we have 12.17. Now with the previous closing price of 9.68 this indicates there is a potential upside of 25.7%. The day 50 moving average is 9.8 and the 200 day moving average is 9.56. The company has a market capitalisation of $1,000m. Company Website: https://www.shpreit.com
The potential market cap would be $1,257m based on the market concensus.
Summit Hotel Properties is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company’s portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.
