Summit Materials found using ticker (SUM) now have 18 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 26 and 15.5 with a mean TP of 21.56. With the stocks previous close at 15.46 this indicates there is a potential upside of 39.5%. The 50 day moving average now sits at 16.48 and the 200 moving average now moves to 15.63. The market capitalisation for the company is $1,768m. 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.