Summit Materials – Consensus Indicates Potential 39.5% 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 26 and 15.5 and has a mean target at 21.56. Now with the previous closing price of 15.46 this indicates there is a potential upside of 39.5%. The day 50 moving average is 16.48 while the 200 day moving average is 15.63. The company has a market capitalisation of $1,768m. You can visit the company’s website by visiting: 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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