Summit Materials found using ticker (SUM) have now 16 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 26 with a mean TP of 36.5. Now with the previous closing price of 29.39 this would imply there is a potential upside of 24.2%. The day 50 moving average is 25.49 and the 200 day moving average is 31.85. The market capitalisation for the company is $3,579m. Visit the company website at: https://summit-materials.com
The potential market cap would be $4,444m 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.
