Summit Materials – Consensus Indicates Potential 19.2% Upside

Broker Ratings

Summit Materials with ticker code (SUM) have now 18 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 25 and 15.5 calculating the mean target price we have 21.5. Given that the stocks previous close was at 18.04 this is indicating there is a potential upside of 19.2%. The 50 day moving average now sits at 18.01 while the 200 day moving average is 16.32. The market capitalisation for the company is $2,021m. Company Website: http://summit-materials.com

Summit Materials, through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other 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 paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. It has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

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