Summit Materials with ticker code (SUM) have now 16 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 22 and 13.5 calculating the mean target price we have 18.79. Given that the stocks previous close was at 16.16 this now indicates there is a potential upside of 16.3%. There is a 50 day moving average of 16.06 while the 200 day moving average is 17.42. The market capitalisation for the company is $1,863m. You can visit the company’s website by visiting: 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.