Norbord (TSE:OSB) had its target price decreased by CIBC from C$50.00 to C$42.00 in a research note issued to investors on Friday, January 12th. CIBC’s target price indicates a potential downside of 7.85% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. CSFB lifted their target price on Norbord from C$50.00 to C$54.00 in a report on Friday, October 20th. TD Securities cut Norbord from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$42.00 to C$43.00 in a report on Friday, October 13th. Scotiabank reissued an “outperform” rating and set a C$55.00 price target on shares of Norbord in a research note on Monday, October 30th. 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 note on Monday, September 25th. Finally, BMO Capital Markets reissued an “underperform” rating and set a C$32.00 price target on shares of Norbord in a research note on Friday, September 29th. 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 issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$49.00.
Norbord (OSB) opened at C$45.58 on Friday. The firm has a market capitalization of $3,940.00, a P/E ratio of 9.56 and a beta of 2.06. Norbord has a 1-year low of C$33.31 and a 1-year high of C$51.75.
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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.
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