Summit Hotel Properties found using ticker (INN) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 14 and 10 and has a mean target at 11.83. Now with the previous closing price of 7.77 this now indicates there is a potential upside of 52.3%. There is a 50 day moving average of 8.02 and the 200 day moving average is 9.31. The market capitalisation for the company is $841m. Company Website: https://www.shpreit.com
The potential market cap would be $1,281m 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.
