Tembec Inc (TMB) Rating Lowered to Sector Perform at Royal Bank Of Canada
Tembec Inc (TSE:TMB) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday. They presently have a C$4.75 target price on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 3.04% from the stock’s previous close.
Separately, TD Securities reiterated a “buy” rating and set a C$4.00 price target on shares of Tembec in a report on Wednesday, May 3rd.
Tembec (TSE:TMB) traded up 0.22% on Thursday, hitting $4.62. The company had a trading volume of 608,835 shares. The stock has a 50 day moving average of $4.25 and a 200-day moving average of $3.29. Tembec has a one year low of $0.88 and a one year high of $4.66. The stock has a market capitalization of $462.00 million and a PE ratio of 12.83.
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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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