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A statement released today by Longbow Research about Summit Materials Inc (NYSE:SUM) raises the target price to $34.00

Yesterday Summit Materials Inc (NYSE:SUM) traded 1.53% higher at $27.33. The company’s 50-day moving average is $31.16 and its 200-day moving average is $31.16. The last stock close price is down 2.47% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Volume of trade was down over the average, with 247,367 shares of SUM changing hands under the typical 1,266,550

In a report announced on 06/08/2017 Longbow Research bumped up the target of Summit Materials Inc (NYSE:SUM) to $34.00 reporting a potential upside of 0.24%.

Previously on 5/9/2017, Zacks Investment Research reported on Summit Materials Inc (NYSE:SUM) upped the target price from $0.00 to $31.00 that indicated a possible upside of 0.12%.

Performance Chart

Summit Materials Inc (NYSE:SUM)

With a total market value of $0, Summit Materials Inc has price-earnings ratio of 70.96 with a one year low of $17.84 and a one year high of $32.69 .

A total of 11 equity analysts have released a ratings update on SUM. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $23.78.

General Company Details For Summit Materials Inc (NYSE:SUM)

Summit Materials, Inc. is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company's materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans. Within its markets, it offers construction materials and related downstream products through its vertical integration. In addition to supplying of aggregates to its customers, the Company also uses its materials internally to produce ready-mix concrete and asphalt paving mix. Its construction materials operations consists of aggregates production, including crushed stone and construction sand and gravel, cement and ready-mixed concrete production, and asphalt paving mix production.

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