Tembec Inc (TSE:TMB) Downgraded by Royal Bank Of Canada
Royal Bank Of Canada downgraded shares of Tembec Inc (TSE:TMB) from an outperform rating to a sector perform rating in a research note published on Thursday. Royal Bank Of Canada currently has C$4.75 price target on the stock.
Separately, TD Securities reiterated a buy rating and set a C$4.00 target price on shares of Tembec in a report on Wednesday, May 3rd.
Tembec (TMB) opened at 4.55 on Thursday. The stock has a market capitalization of $455.00 million and a price-to-earnings ratio of 10.34. Tembec has a one year low of $0.88 and a one year high of $4.62. The company’s 50-day moving average is $4.26 and its 200 day moving average is $3.32.
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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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