Tembec Inc (TMB) PT Raised to C$1.75 at Royal Bank Of Canada
Tembec Inc (TSE:TMB) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$1.25 to C$1.75 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 38.89% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Scotiabank reissued a “sector underperform” rating on shares of Tembec in a research note on Thursday, July 28th. TD Securities boosted their price objective on Tembec from C$1.00 to C$1.25 and gave the company a “hold” rating in a research note on Friday, July 29th.
Tembec (TSE:TMB) traded up 3.17% on Friday, hitting $1.30. The company had a trading volume of 114,917 shares. The stock’s 50-day moving average price is $1.11 and its 200 day moving average price is $1.08. Tembec has a one year low of $0.78 and a one year high of $1.45. The company’s market capitalization is $130.00 million.
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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