Yesterday, an analyst has provided a rating update for the Consumer Goods sector company, Domtar Corporation (UFS). Analyst Hamir Patel from CIBC remains neutral on the stock and has a C$41 price target.
According to TipRanks.com, Patel is a 4-star analyst with an average return of 6.3% and a 45.7% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.
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Currently, the analyst consensus on Domtar Corporation is a Moderate Buy with an average price target of C$41, implying a -28.1% downside from current levels. In a report issued on January 2, KeyBanc also maintained a Hold rating on the stock.
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The company has a one-year high of C$70.92 and a one-year low of C$46.14. Currently, Domtar Corporation has an average volume of 72.48K.
Domtar Corp. engages in the design, manufacturing, marketing, and distribution of fiber-based products, which includes communication papers, specialty and packaging papers and absorbent hygiene products. It operates through the following segments: Pulp and Paper, and Personal Care.
The company’s shares closed on Monday at C$57.02.
