Goldman Sachs Group Inc. Begins Coverage on Domtar Corp (UFS)
Equities research analysts at Goldman Sachs Group Inc. assumed coverage on shares of Domtar Corp (TSE:UFS) in a research note issued on Thursday, StockTargetPrices.com reports. The firm set a “neutral” rating on the stock.
Separately, TD Securities lifted their price objective on Domtar Corp from C$41.00 to C$42.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$43.70.
Domtar Corp (TSE:UFS) traded up 1.73% during mid-day trading on Thursday, reaching $48.88. The company’s stock had a trading volume of 30,366 shares. Domtar Corp has a 12-month low of $41.62 and a 12-month high of $56.23. The firm has a market cap of $3.06 billion and a PE ratio of 34.16. The company has a 50-day moving average price of $48.85 and a 200-day moving average price of $48.83.
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About Domtar Corp
Domtar Corporation designs, manufactures, markets and distributes a range of fiber-based products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Company operates through two business segments: Pulp and Paper, and Personal Care. Its Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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