Summit Hotel Properties with ticker code (INN) now have 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 14 and 11 with a mean TP of 12.17. Given that the stocks previous close was at 8.19 this would indicate that there is a potential upside of 48.6%. The day 50 moving average is 9.43 and the 200 day MA is 9.57. The company has a market capitalisation of $904m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,344m 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.
