Summit Hotel Properties with ticker code (INN) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 13 and 11 calculating the mean target price we have 11.92. Given that the stocks previous close was at 9.44 this is indicating there is a potential upside of 26.3%. The 50 day MA is 9.54 and the 200 moving average now moves to 9.58. The market cap for the company is $990m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,250m 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.
