Norbord Inc (OSB) Earns Outperform Rating from Scotiabank

Norbord Inc (TSE:OSB)‘s stock had its “outperform” rating reaffirmed by equities researchers at Scotiabank in a research report issued on Tuesday, October 17th. They currently have a C$55.00 price objective on the stock. Scotiabank’s price target points to a potential upside of 17.25% from the company’s previous close.

Several other equities analysts also recently issued reports on OSB. CSFB raised their price target on shares of Norbord from C$42.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. BMO Capital Markets raised their price target on shares of Norbord from C$28.00 to C$31.00 and gave the company a “market perform” rating in a research note on Monday, July 31st. TD Securities raised their price target on shares of Norbord from C$37.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada raised their price target on shares of Norbord from C$50.00 to C$58.00 and gave the company a “top pick” rating in a research note on Monday, September 25th. Finally, CIBC downgraded shares of Norbord from an “outperform” rating to a “neutral” rating in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$49.63.

Norbord (TSE OSB) opened at 46.91 on Tuesday. The company has a market cap of $4.04 billion and a PE ratio of 15.43. Norbord has a 52-week low of $28.91 and a 52-week high of $51.75. The company has a 50-day moving average of $48.01 and a 200 day moving average of $42.50.

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In related news, insider Nigel Banks sold 19,000 shares of Norbord stock in a transaction on Monday, August 28th. The shares were sold at an average price of C$42.00, for a total transaction of C$798,000.00. Also, insider Robin E.A. Lampard sold 51,300 shares of Norbord stock in a transaction on Thursday, August 31st. The stock was sold at an average price of C$43.00, for a total transaction of C$2,205,900.00. Insiders have sold 170,123 shares of company stock valued at $7,478,112 in the last three months.

Norbord Company Profile

Norbord Inc is a Canada-based producer of wood-based panels. The Company is engaged in manufacturing, sales, marketing and distribution of panelboards and related products used in the construction of new homes or the renovation and repair of existing structures. Its geographic segments include North America and Europe.

Analyst Recommendations for Norbord (TSE:OSB)

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