Tembec Inc. Gets a Hold Rating from RBC Capital

By Jason Carr

Tembec Inc. (TSX: TMB), the Materials sector company, was revisited by a Wall Street analyst on August 27. RBC Capital’s analyst Paul Quinn reiterates their Hold rating on the shares, with a C$4.75 price target.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 20.9% and a 76.6% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.

Tembec Inc. has an analyst consensus of Hold, with a price target consensus of C$4.75.

The company has a one year high of C$4.83 and a one year low of C$0.88. Currently, Tembec Inc. has an average volume of 455.9K.

Tembec, Inc. is a forest products company. It manufactures and markets forest products, including lumber, paper pulp, and paper and specialty cellulose pulp. The company operates its business through the following segments: Forest Products, Specialty Cellulose Pulp, Paper Pulp, Paper and Corporate.

The company’s shares closed on Monday at C$4.55, close to its 52-week high of C$4.83.