Scotiabank Raises Tembec Inc (TMB) Price Target to C$1.35
Tembec Inc (TSE:TMB) had its target price lifted by equities researchers at Scotiabank from C$0.90 to C$1.35 in a research report issued to clients and investors on Friday. The firm presently has an “underperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 7.14% from the company’s current price.
A number of other brokerages also recently issued reports on TMB. Royal Bank Of Canada increased their price objective on Tembec from C$1.25 to C$1.75 and gave the stock an “outperform” rating in a research report on Friday. TD Securities increased their price objective on Tembec from C$1.00 to C$1.25 and gave the stock a “hold” rating in a research report on Friday, July 29th.
Tembec (TSE:TMB) traded up 3.17% during midday trading on Friday, hitting $1.30. The company’s stock had a trading volume of 114,917 shares. The stock has a 50 day moving average of $1.11 and a 200 day moving average of $1.08. The company’s market cap is $130.00 million. Tembec has a 52-week low of $0.78 and a 52-week high of $1.45.
Tembec Company Profile
Tembec Inc is a manufacturer of forest products. The Company’s segments include Forest Products, Specialty Cellulose Pulp, Paper Pulp, Paper and Corporate. Its portfolio of products include Wood products, such as Softwood lumber, Hardwood lumber and Wood chips; Pulp, such as High-yield pulp; Specialty cellulose, such as Cellulose ethers, Cellulose acetates, Nitrocellulose and Microcrystalline cellulose; Chemical products, such as Resin and Lignosulfonates, and Paper, such as Coated bleached board and Newsprint.
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