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BidaskClub upgraded Summit Materials Inc (NYSE:SUM) to Buy in a statement released earlier today.

Yesterday Summit Materials Inc (NYSE:SUM) traded -1.57% lower at $29.67. SUM’s 50-day average is $28.76 and its two hundred day average is $26.37. The last stock close price is up 6.73% from the 200-day average, compared with the S&P 500 Index which has increased 0.05% over the same period. Trade Volume was down over the average, with 849,348 shares of SUM changing hands under the typical 1,234,320

BidaskClub has upgraded Summit Materials Inc (NYSE:SUM) to Buy in a report released on 7/08/2017.

See Chart Below

Summit Materials Inc (NYSE:SUM)

With a total market value of $0, Summit Materials Inc has PE ratio of 62.56 with a one year low of $17.48 and a one year high of $29.72 .

A total of 11 brokerages have issued a ratings update on the company. 0 firms rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the company a hold, zero equity analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $23.78.

More About 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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