Summit Hotel Properties found using ticker (INN) have now 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. With the stocks previous close at 7.27 this now indicates there is a potential upside of 67.4%. The 50 day moving average now sits at 8.67 while the 200 day moving average is 9.46. The market capitalisation for the company is $763m. You can visit the company’s website by visiting: https://www.shpreit.com
The potential market cap would be $1,278m 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.
