Tembec Inc (TSE:TMB) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$4.85 and last traded at C$4.84, with a volume of shares changing hands.
A number of research analysts recently commented on TMB shares. Royal Bank Of Canada cut Tembec from an “outperform” rating to a “sector perform” rating and set a C$4.75 price objective on the stock. in a report on Thursday, July 27th. TD Securities upped their price objective on Tembec from C$4.25 to C$4.75 and gave the company a “tender” rating in a report on Tuesday, July 25th.
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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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