Summit Hotel Properties with ticker code (INN) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 14 and 10 and has a mean target at 11.67. Given that the stocks previous close was at 8.45 this would imply there is a potential upside of 38.1%. There is a 50 day moving average of 7.77 and the 200 moving average now moves to 9.08. The market cap for the company is $911m. Find out more information at: https://www.shpreit.com
The potential market cap would be $1,258m 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.
