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

Norbord (TSE:OSB) had its target price lowered by CIBC from C$50.00 to C$42.00 in a research note issued on Friday, January 12th. CIBC’s price target suggests a potential downside of 4.07% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. TD Securities cut their target price on Norbord to C$50.00 and set a “hold” rating for the company in a research note on Tuesday, October 31st. Scotiabank reissued an “outperform” rating and set a C$55.00 target price on shares of Norbord in a research note on Monday, October 30th. CSFB raised their target price on Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. BMO Capital Markets restated an “underperform” rating and set a C$32.00 price target on shares of Norbord in a research report on Friday, September 29th. Finally, Royal Bank of Canada raised their price target on Norbord from C$50.00 to C$58.00 and gave the stock a “top pick” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned 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$49.00.

Norbord (TSE:OSB) traded up C$1.02 during trading hours on Friday, hitting C$43.78. The company had a trading volume of 282,876 shares, compared to its average volume of 215,048. Norbord has a 12-month low of C$31.38 and a 12-month high of C$51.75. The firm has a market capitalization of $3,830.00, a PE ratio of 9.06 and a beta of 1.96.

Norbord (TSE:OSB) last posted its quarterly earnings results on Friday, October 27th. The company reported C$1.74 EPS for the quarter, beating the consensus estimate of C$1.54 by C$0.20. Norbord had a return on equity of 62.00% and a net margin of 22.49%.

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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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