Domtar Corp’s (UFS) Outperform Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their outperform rating on shares of Domtar Corp (TSE:UFS) in a research report sent to investors on Tuesday, StockTargetPrices.com reports.
A number of other brokerages have also commented on UFS. TD Securities lifted their price target on Domtar Corp from C$41.00 to C$42.00 and gave the company a hold rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. began coverage on Domtar Corp in a research note on Thursday, September 22nd. They set a neutral rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average price target of C$43.70.
Shares of Domtar Corp (TSE:UFS) opened at 48.44 on Tuesday. The company has a market capitalization of $3.03 billion and a PE ratio of 33.85. The company’s 50-day moving average price is $48.50 and its 200-day moving average price is $48.89. Domtar Corp has a 1-year low of $41.62 and a 1-year high of $56.23.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 17th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Thursday, September 29th.
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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