CatchMark Timber Trust with ticker code (CTT) have now 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 12.25 and 11 and has a mean target at 11.75. Now with the previous closing price of 10.93 this indicates there is a potential upside of 7.5%. The day 50 moving average is 10.72 while the 200 day moving average is 9.09. The company has a market cap of $546m. You can visit the company’s website by visiting: https://www.catchmark.com
The potential market cap would be $587m 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.
