Scotiabank Raises Domtar Corp (TSE:UFS) Price Target to C$50.00
Domtar Corp (TSE:UFS) (NYSE:UFS) had its target price boosted by stock analysts at Scotiabank to C$50.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 4.56% from the stock’s current price.
Several other research analysts have also weighed in on the stock. TD Securities reissued a “hold” rating and set a C$57.00 price objective on shares of Domtar Corp in a report on Friday, April 28th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$71.00 price objective on shares of Domtar Corp in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$59.25.
Shares of Domtar Corp (UFS) traded down 0.69% during trading on Thursday, hitting $47.49. 30,977 shares of the company were exchanged. The stock has a market cap of $2.97 billion and a P/E ratio of 18.11. The company’s 50-day moving average price is $49.09 and its 200 day moving average price is $50.94. Domtar Corp has a 12 month low of $45.48 and a 12 month high of $58.31.
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Domtar Corp Company Profile
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 segments include Pulp and Paper and Personal Care. The Pulp and Paper segment consists of the design, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.
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