Potlatch (NASDAQ:PCH) has been downgraded from Neutral to Underperform in a statement by BofA Merrill earlier today.
- Updated: November 27, 2016
BofA Merrill has downgraded Potlatch (NASDAQ:PCH) from Neutral to Underperform in a statement released on Tuesday November 22, 2016.
Boasting a price of $43.30, Potlatch (NASDAQ:PCH) traded 0.00% even on the day. With the last stock price close up 0.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Potlatch has recorded a 50-day average of $0.00 and a two hundred day average of $0.00. Volume of trade was up over the average, with 152,523 shares of PCH changing hands over the typical 0
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Potlatch has a 52 week low of $24.01 and a 52 week high of $43.70 The company’s market cap is currently $0.
In addition to BofA Merrill reporting its stock price target, a total of 6 brokers have issued a report on the company. The average stock price target is $39.33 with 2 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 0 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Potlatch (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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