Suncrete (NASDAQ:RMIX) Hits New 12-Month High - Still a Buy?

Key Points

• Suncrete (NASDAQ:RMIX) hit a new 52-week high, trading as high as $17.97 and last at $17.40 on volume of 182,753 shares, rising roughly 5.1% on the session.
• Analyst coverage is mixed—Jefferies (Buy, $19 PT), Weiss Ratings (Sell, d+), and William Blair (Outperform)—resulting in a MarketBeat consensus of "Hold" and an average target price of $19.00.

Suncrete (NASDAQ:RMIX - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $17.97 and last traded at $17.40, with a volume of 182753 shares trading hands. The stock had previously closed at $16.91.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RMIX shares. Jefferies Financial Group started coverage on Suncrete in a report on Friday. They set a "buy" rating and a $19.00 price objective for the company. Weiss Ratings started coverage on Suncrete in a report on Wednesday. They set a "sell (d+)" rating for the company. Finally, William Blair started coverage on Suncrete in a report on Monday. They set an "outperform" rating for the company. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.00.

Suncrete Stock Up 5.1%

About Suncrete

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.

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