Summit Materials found using ticker (SUM) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 52 and 28.5 calculating the average target price we see 37.88. Given that the stocks previous close was at 24.27 this indicates there is a potential upside of 56.1%. There is a 50 day moving average of 28.26 and the 200 day moving average is 29.97. The company has a market capitalisation of $2,834m. Visit the company website at: https://summit-materials.com
The potential market cap would be $4,424m 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.
