Summit Materials with ticker code (SUM) have now 18 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 50 and 40 with the average target price sitting at 44.39. Now with the previous closing price of 35.89 this would indicate that there is a potential upside of 23.7%. The 50 day moving average now sits at 39.01 while the 200 day moving average is 34.6. The market capitalisation for the company is $4,093m. Company Website: https://summit-materials.com
The potential market cap would be $5,062m 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 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 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. Summit Materials has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.
