Summit Materials found using ticker (SUM) have now 16 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 52 and 28.5 with the average target price sitting at 39.25. Given that the stocks previous close was at 31.35 this indicates there is a potential upside of 25.2%. There is a 50 day moving average of 25.87 and the 200 moving average now moves to 31.74. The company has a market capitalisation of $3,768m. Find out more information at: https://summit-materials.com
The potential market cap would be $4,717m 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.
