CIBC Trims Norbord (OSB) Target Price to C$42.00

Norbord (TSE:OSB) had its target price decreased by equities research analysts at CIBC from C$50.00 to C$42.00 in a report released on Friday. CIBC’s target price indicates a potential downside of 1.94% from the company’s current price.

A number of other research analysts have also weighed in on OSB. Royal Bank of Canada upped their price objective on Norbord from C$50.00 to C$58.00 and gave the stock a “top pick” rating in a report on Monday, September 25th. Scotiabank upped their price objective on Norbord from C$45.25 to C$51.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. BMO Capital Markets reaffirmed an “underperform” rating and set a C$32.00 price objective on shares of Norbord in a report on Friday, September 29th. TD Securities lowered Norbord from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$42.00 to C$43.00 in a report on Friday, October 13th. Finally, CSFB upped their price objective on Norbord from C$50.00 to C$54.00 in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$49.00.

Shares of Norbord (OSB) traded up C$0.18 during mid-day trading on Friday, reaching C$42.83. The company had a trading volume of 142,788 shares, compared to its average volume of 203,835. Norbord has a 52-week low of C$31.38 and a 52-week high of C$51.75. The firm has a market capitalization of $3,700.00, a price-to-earnings ratio of 8.79 and a beta of 1.96.

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About Norbord

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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