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A statement released earlier today by Canaccord about Summit Hotel (NYSE:INN) bumps the target price to $20.00

Boasting a price of $17.64, Summit Hotel (NYSE:INN) traded 0.76% higher on the day. With the last close up -5.58% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Summit Hotel has recorded a 50-day average of $15.70 and a two hundred day average of $16.75. Volume of trade was down over the average, with 112,869 shares of INN changing hands under the typical 869,569

Canaccord bumped up the target of Summit Hotel (NYSE:INN) to $20.00 stating a potential upside of 0.13%.

On 5/15/2017, Cantor Fitzgerald released a statement on Summit Hotel (NYSE:INN) bumped up the target price from $0.00 to $18.00 that suggested an upside of 0.10%.

Performance Chart

Summit Hotel (NYSE:INN)

With a total market value of $0, Summit Hotel has price-earnings ratio of 17.31 with a one year low of $12.45 and a one year high of $19.39 .

A total of 10 analysts have released a research note on INN. Three analysts rating the company a strong buy, five analysts rating the company a buy, one analyst rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $13.40.

More About Summit Hotel (NYSE:INN)

Summit Hotel Properties, Inc. is a real estate investment trust (REIT). The Company is focused primarily on owning premium-branded, select-service hotels in the Upscale segment of the United States lodging industry. The Company's portfolio consists of 79 hotels with a total of 11,590 guestrooms located in 24 states. The Company's hotels are located in markets, such as business and corporate headquarters, retail centers, airports and tourist attractions. The Company's portfolio is located in urban and suburban markets. Based on total number of guestrooms, approximately 92% of the Company's portfolio is positioned in over 50 metropolitan statistical areas (MSAs), and approximately 96% is located within over 100 MSAs. Based on total number of guestrooms, approximately 99% of the Company's hotels operate under franchise brands owned by Marriott International, Inc., Hilton Worldwide, InterContinental Hotels Group, and an affiliate of Hyatt Hotels Corporation.

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