Summit Hotel Properties found using ticker (INN) now have 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 11 and 8.5 with a mean TP of 9.7. Now with the previous closing price of 7.1 this would indicate that there is a potential upside of 36.6%. The 50 day MA is 7.97 and the 200 moving average now moves to 8.21. The company has a market cap of $781m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,068m 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.
