TD Securities Raises Tembec Inc (TSE:TMB) Price Target to C$4.75

Tembec Inc (TSE:TMB) had its target price boosted by research analysts at TD Securities from C$4.25 to C$4.75 in a report issued on Tuesday, July 25th. The brokerage presently has a “tender” rating on the stock. TD Securities’ price target would indicate a potential upside of 5.32% from the stock’s current price.

Separately, Royal Bank Of Canada upped 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.

Tembec (TSE:TMB) remained flat at $4.51 during midday trading on Tuesday. 63,182 shares of the company’s stock were exchanged. Tembec has a 1-year low of $0.88 and a 1-year high of $4.83. The stock has a 50-day moving average price of $4.35 and a 200 day moving average price of $3.48. The firm has a market cap of $451.00 million and a price-to-earnings ratio of 10.25.

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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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