Summit Materials with ticker code (SUM) have now 17 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 50 and 33 calculating the mean target price we have 40.59. Given that the stocks previous close was at 23.4 this would indicate that there is a potential upside of 73.5%. The 50 day moving average now sits at 27.32 and the 200 moving average now moves to 33.04. The company has a market cap of $2,826m. Find out more information at: https://summit-materials.com
The potential market cap would be $4,902m 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.
