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Longbow disclosed Summit Materials SUM (NYSE:SUM), hiking its price target to $34.00 earlier today

Having a price of $27.91, Summit Materials SUM (NYSE:SUM) traded 1.53% higher on the day. With the last close down 2.47% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. SUM has recorded a 50-day average of $31.16 and a two hundred day average of $31.16. Trade Volume was down over the average, with 247,367 shares of SUM changing hands under the typical 1,266,550

Reporting a potential upside of 0.22%, Longbow upped the price target of Summit Materials SUM (NYSE:SUM) to $34.00

On 05/09/2017, Zacks Investment Research released a statement on Summit Materials SUM (NYSE:SUM) upped the target price from $0.00 to $31.00 that suggested an upside of 0.12%.

Recent Performance Chart

Summit Materials SUM (NYSE:SUM)

Summit Materials SUM has PE ratio of 70.96 with a one year low of $17.84 and a one year high of $32.69 and has a market capitalization of $0.

A total of 11 analysts have released a report on Summit Materials SUM. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero 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 SUM (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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