Potlatch Corporation (NASDAQ:PCH) has been upgraded to Neutral in a statement by Bank of America Corp. earlier today.
- Updated: October 3, 2016
Bank of America Corp. has upgraded Potlatch Corporation (NASDAQ:PCH) to Neutral in a statement released on 10/03/2016.
Boasting a price of $38.89, Potlatch Corporation (NASDAQ:PCH) traded -0.80% lower on the day. With the last stock price close up 9.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Potlatch Corporation has recorded a 50-day average of $38.11 and a two hundred day average of $35.24. Volume of trade was down over the average, with 74,161 shares of PCH changing hands under the typical 205,955
With a total market value of $0, Potlatch Corporation has with a one year low of $24.01 and a one year high of $39.91 .
A total of 6 equity analysts have released a research note on PCH. 2 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $39.33.
About Potlatch Corporation (NASDAQ:PCH)
Potlatch Corporation is a real estate investment trust (REIT). The Company operates through three segments: Resource, Wood Products and Real Estate. The Resource segment management activities include planting and harvesting trees, and building and maintaining roads. Its activities also include hunting leases, recreation permits and leases, mineral rights leases, biomass production and carbon sequestration. Its Wood Products segment manufactures and markets lumber, plywood and residual products at approximately five mills located in Arkansas, Idaho, Michigan and Minnesota. The activities of the Real Estate segment consist of the sale of selected non-core timberland real estate, which consists of over three categories, such as higher or better use (HBU) properties, rural real estate and non-strategic. The Company, through its subsidiaries, Potlatch TRS, operates real estate sales business and approximately five wood products manufacturing facilities that produce lumber and plywood.
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