Summit Materials with ticker code (SUM) have now 18 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 35 calculating the mean target price we have 42.56. Now with the previous closing price of 33.82 this is indicating there is a potential upside of 25.8%. The 50 day MA is 38.57 and the 200 day MA is 34.7. The market cap for the company is $4,138m. You can visit the company’s website by visiting: https://summit-materials.com
The potential market cap would be $5,207m 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.
