Summit Materials found using ticker (SUM) have now 17 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 50 and 33 with the average target price sitting at 40.59. Now with the previous closing price of 27.96 this would imply there is a potential upside of 45.2%. There is a 50 day moving average of 28.34 while the 200 day moving average is 33.42. The market capitalisation for the company is $3,273m. Company Website: https://summit-materials.com
The potential market cap would be $4,751m 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.
