TD Securities Boosts Tembec Inc (TSE:TMB) Price Target to C$4.75
Tembec Inc (TSE:TMB) had its price target boosted by stock analysts at TD Securities from C$4.25 to C$4.75 in a research report issued on Tuesday, StockTargetPrices.com reports. The firm presently has a “tender” rating on the stock. TD Securities’ price objective points to a potential upside of 1.50% from the stock’s current price.
Separately, Royal Bank Of Canada raised their price target on Tembec from C$4.25 to C$4.75 and gave the company an “outperform” rating in a research report on Monday, July 17th.
Shares of Tembec (TSE TMB) traded up 0.43% on Tuesday, hitting $4.68. 736,073 shares of the stock traded hands. Tembec has a 12 month low of $0.88 and a 12 month high of $4.83. The company has a market cap of $468.00 million and a PE ratio of 13.00. The firm’s 50 day moving average is $4.23 and its 200-day moving average is $3.26.
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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