Tembec Inc (TMB) Rating Increased to Outperform at RBC Capital Markets
Tembec Inc (TSE:TMB) was upgraded by equities researchers at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Monday.
Several other equities research analysts have also recently commented on TMB. Scotiabank cut shares of Tembec from a “sector perform” rating to an “underperform” rating and set a C$1.00 target price for the company. in a research report on Friday, July 29th. TD Securities raised their target price on shares of Tembec from C$1.00 to C$1.25 and gave the stock a “hold” rating in a research report on Friday, July 29th. Finally, Royal Bank Of Canada raised their target price on shares of Tembec from C$1.25 to C$1.75 and gave the stock an “outperform” rating in a research report on Friday.
Shares of Tembec (TSE:TMB) traded up 6.06% during midday trading on Monday, reaching $1.40. 178,329 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $1.12 and a 200-day moving average of $1.08. Tembec has a 12-month low of $0.78 and a 12-month high of $1.50. The stock has a market capitalization of $140.00 million and a P/E ratio of 7.00.
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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