Summit Materials found using ticker (SUM) now have 17 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 26 and has a mean target at 39.65. With the stocks previous close at 23.62 this indicates there is a potential upside of 67.9%. The 50 day moving average now sits at 25.93 and the 200 day moving average is 32.5. The company has a market capitalisation of $2,775m. Company Website: https://summit-materials.com
The potential market cap would be $4,659m 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.
