Summit Hotel Properties found using ticker (INN) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 14 and 11 calculating the average target price we see 12.33. Given that the stocks previous close was at 8.87 this would imply there is a potential upside of 39.0%. There is a 50 day moving average of 9.66 and the 200 moving average now moves to 9.59. The company has a market capitalisation of $921m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,280m 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.
