Summit Hotel Properties found using ticker (INN) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 14 and 10 calculating the mean target price we have 11.67. With the stocks previous close at 7.54 this indicates there is a potential upside of 54.8%. The 50 day MA is 7.89 and the 200 moving average now moves to 9. The market cap for the company is $841m. Visit the company website at: https://www.shpreit.com
The potential market cap would be $1,302m 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.
