Summit Hotel Properties, Inc. with ticker code (INN) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 11 and 8 calculating the mean target price we have 9.38. Given that the stocks previous close was at 7.55 this now indicates there is a potential upside of 24.2%. There is a 50 day moving average of 7.83 and the 200 moving average now moves to 7.88. The market capitalisation for the company is $834m. Company Website: https://www.shpreit.com
The potential market cap would be $1,036m based on the market concensus.
Summit Hotel Properties, Inc. 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.
