Tembec Inc (TMB) PT Raised to C$4.75 at Royal Bank Of Canada

Tembec Inc (TSE:TMB) had its target price raised by Royal Bank Of Canada from C$4.25 to C$4.75 in a report published on Monday, July 17th. Royal Bank Of Canada currently has an outperform rating on the stock.

Separately, TD Securities lowered Tembec from a buy rating to a tender rating and upped their target price for the company from C$4.00 to C$4.25 in a research report on Friday, May 26th.

Shares of Tembec (TSE:TMB) remained flat at $4.51 during trading on Monday. 63,182 shares of the company’s stock traded hands. Tembec has a 1-year low of $0.88 and a 1-year high of $4.83. The firm has a market capitalization of $451.00 million and a P/E ratio of 10.25. The company has a 50 day moving average price of $4.35 and a 200-day moving average price of $3.48.

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Tembec Company Profile

Tembec Inc produces and sells forest products in Canada, the United States, China, the European Union, and internationally. It operates through Forest Products, Specialty Cellulose Pulp, Paper Pulp, and Paper segments. The company produces and sells a range of forest products comprising spruce, pine, and fir dimensional lumber products for residential and commercial construction markets, as well as the industrial markets, which include manufacturers of trusses, sidings, pallets, and other products; hardwood lumber to manufacture furniture, flooring, and moldings; and sawmills and forest wood chips.

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