Summit Materials with ticker code (SUM) now have 18 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 25 and 15.5 with a mean TP of 21.5. Given that the stocks previous close was at 18.04 this would imply there is a potential upside of 19.2%. There is a 50 day moving average of 18.01 and the 200 day MA is 16.32. The company has a market capitalisation of $2,021m. Company Website: http://summit-materials.com
The potential market cap would be $2,409m based on the market concensus.
Summit Materials, through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other markets. It operates through three segments: West, East, and Cement. The company’s products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. It has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
