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Summit Materials (TSE:SUM) target bumped up to $34.00, released a ratings update earlier today by Longbow Research

Reporting a potential upside of 0.24%, Longbow Research upped the price target of Summit Materials (TSE:SUM) to $34.00

On Wednesday March 15, 2017, Scotia Capital released a statement about Summit Materials (TSE:SUM) upped the target price from $8.50 to $9.00 that suggested an upside of 0.12%.

Having a price of $27.33, Summit Materials (TSE:SUM) traded -0.09% lower on the day. With the last stock price up 11.75% 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 $10.40 and a two hundred day average of $9.66. Trade Volume was down over the average, with 18,449 shares of SUM changing hands under the typical 28,529

Recent Performance Chart

Summit Materials (TSE:SUM)

Summit Materials has PE ratio of 80.52 with a one year low of $7.00 and a one year high of $11.15 and has a market capitalization of $0.

A total of 7 brokerages have issued a ratings update on Summit Materials. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $7.12.

General Company Details For Summit Materials (TSE:SUM)

Solium Capital Inc. is a software-as-a-service (SaaS) company. The Company provides cloud-enabled services for global equity administration, financial reporting and compliance. The Company operates though the segment of administration of equity-based incentive and savings programs for corporations and their employees. The Company's technology platforms, Shareworks and Transcentive, are online solutions that integrate the management of multiple equity plan types, including stock options, share units, share appreciation rights, restricted stock awards, and employee share purchase plans. The Company has operations in the United States, Canada, the United Kingdom, Europe and Australia.

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