Summit Materials found using ticker (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 average target price we see 43.22. Now with the previous closing price of 29.65 this would imply there is a potential upside of 45.8%. The 50 day MA is 36.04 and the 200 day moving average is 35.11. The company has a market capitalisation of $3,457m. Company Website: https://summit-materials.com
The potential market cap would be $5,040m 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.
