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Summit Materials Inc (NYSE:SUM) target price lowered to $21.00, reported today by Goldman Sachs Group Inc.

Summit Materials Inc (NYSE:SUM) had its target price lowered to $21.00 by Goldman Sachs Group Inc. in a report released Tuesday October 11, 2016. The new target price indicates a possible upside of 0.11% based on the company's last stock close price.

Yesterday Summit Materials Inc (NYSE:SUM) traded 0.32% higher at $18.99. The company’s 50-day moving average is $18.90 and its 200-day moving average is $20.37. The last stock close price is down -6.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 625,530 shares of the stock were exchanged, down from an average trading volume of 1,208,050

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Summit Materials Inc (NYSE:SUM)

Summit Materials Inc has a 52 week low of $13.12 and a 52 week high of $24.97 with a P/E ratio of 57.18 Summit Materials Inc’s market capitalization is presently $0.

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

Brief Synopsis About Summit Materials Inc (NYSE:SUM)

Summit Materials, Inc. is a construction materials company. The Company operates through three segments: the west segment, which includes operations in Texas, the Mountain states of Utah, Colorado, Idaho and Wyoming, and in British Columbia, Canada; east segment, which serves markets across the Midwestern and Eastern United States, and Cement segment, which consists of its Hannibal, Missouri and Davenport, Iowa cement plants and approximately eight distribution terminals along the Mississippi River from Minnesota to Louisiana. It supplies aggregates, ready-mixed concrete, asphalt paving mix and paving and related services in the West segment, and aggregates, ready-mixed concrete, asphalt paving mix and paving and related services in east segment. The Company has operations in approximately 20 states in the United States and in British Columbia, Canada. The Company serves markets, including residential construction, nonresidential construction and public infrastructure construction.

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