Summit Materials with ticker code (SUM) now have 18 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 40 and has a mean target at 44.83. Given that the stocks previous close was at 35.19 this would imply there is a potential upside of 27.4%. The 50 day MA is 37.25 and the 200 day moving average is 35.17. The company has a market cap of $4,203m. Company Website: https://summit-materials.com
The potential market cap would be $5,355m 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.
