Summit Materials with ticker code (SUM) now have 18 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 50 and 35 calculating the average target price we see 42.53. Now with the previous closing price of 31.9 this is indicating there is a potential upside of 33.3%. The 50 day MA is 33.88 while the 200 day moving average is 34.9. The market capitalisation for the company is $3,821m. Visit the company website at: https://summit-materials.com
The potential market cap would be $5,094m 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 lude 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.
