CatchMark Timber Trust with ticker code (CTT) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 10 and 8 with a mean TP of 9.1. Given that the stocks previous close was at 8.01 this is indicating there is a potential upside of 13.6%. The 50 day moving average now sits at 8.22 while the 200 day moving average is 9.02. The company has a market cap of $409m. Find out more information at: https://www.catchmark.com
The potential market cap would be $465m based on the market concensus.
CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 1.5 million acres* of timberlands located in Alabama, Florida, Georgia, North Carolina, Oregon, South Carolina and Texas.
