Summit Materials with ticker code (SUM) now have 17 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 50 and 33 and has a mean target at 41.47. With the stocks previous close at 28.77 this would indicate that there is a potential upside of 44.1%. The 50 day MA is 29.79 and the 200 day MA is 34.13. The market cap for the company is $3,252m. You can visit the company’s website by visiting: https://summit-materials.com
The potential market cap would be $4,687m 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.
