CatchMark Timber Trust with ticker code (CTT) now have 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 10.75 and 8 and has a mean target at 9.15. Now with the previous closing price of 8.63 this is indicating there is a potential upside of 6.0%. The day 50 moving average is 8.35 while the 200 day moving average is 10.62. The company has a market cap of $421m. Find out more information at: https://www.catchmark.com
The potential market cap would be $446m 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.
