Summit Materials – Consensus Indicates Potential 39.5% Upside

Broker Ratings

Summit Materials found using ticker (SUM) have now 18 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 26 and 15.5 and has a mean target at 21.56. Now with the previous closing price of 15.46 this is indicating there is a potential upside of 39.5%. The 50 day MA is 16.48 and the 200 day moving average is 15.63. The company has a market cap of $1,768m. Company Website: http://summit-materials.com

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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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