Summit Materials with ticker code (SUM) now have 15 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 50 and 25 with the average target price sitting at 35.36. With the stocks previous close at 29.58 this indicates there is a potential upside of 19.5%. There is a 50 day moving average of 28.56 and the 200 moving average now moves to 27.2. The company has a market capitalisation of $3,475m. Find out more information at: https://summit-materials.com
The potential market cap would be $4,154m based on the market concensus.
Summit Materials, through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end 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 asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It has operations in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
