Tembec Inc (TSE:TMB) Set to Announce Earnings on Wednesday
Tembec Inc (TSE:TMB) is set to issue its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
Shares of Tembec Inc (TMB) opened at 4.26 on Wednesday. Tembec Inc has a 12-month low of $0.88 and a 12-month high of $4.53. The firm has a market capitalization of $426.00 million and a price-to-earnings ratio of 11.83. The firm has a 50-day moving average of $4.24 and a 200 day moving average of $3.21.
A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Tembec from C$4.25 to C$4.75 and gave the stock an “outperform” rating in a research report on Monday. TD Securities downgraded shares of Tembec from a “buy” rating to a “tender” rating and boosted their price target for the stock from C$4.00 to C$4.25 in a research report on Friday, May 26th.
Tembec Company Profile
Tembec Inc is a Canada-based company engaged in the forest products business. It operates through four segments: Forest Products, Specialty Cellulose Pulp, Paper Pulp and Paper. The Forest Products segment consists primarily of forest and sawmill operations, which produce softwood lumber spruce/pine/fir (SPF) and specialty wood lumber.
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