Summit Materials found using ticker (SUM) now have 16 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 52 and 28.5 calculating the mean target price we have 39.25. Now with the previous closing price of 31.85 this now indicates there is a potential upside of 23.2%. The 50 day MA is 25.95 and the 200 moving average now moves to 31.73. The company has a market capitalisation of $3,761m. You can visit the company’s website by visiting: https://summit-materials.com
The potential market cap would be $4,635m 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.
