Potlatch (NASDAQ:PCH) has been upgraded from Underperform to Neutral in a statement by BofA Merrill earlier today.
- Updated: October 3, 2016
Having a price of $38.89, Potlatch (NASDAQ:PCH) traded -0.80% lower on the day. With the last close up 9.49% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Potlatch 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
BofA Merrill has upgraded Potlatch (NASDAQ:PCH) from Underperform to Neutral in a statement released on 10/3/2016.
With a total market value of $0, Potlatch has with a one year low of $24.01 and a one year high of $39.91 .
A total of 6 analysts have released a report on Potlatch. Two analysts rating the company a strong buy, three analysts rating the company a buy, zero analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $39.33.
More 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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