Norbord (TSE:OSB) received a C$32.00 target price from analysts at BMO Capital Markets in a research report issued to clients and investors on Friday, February 9th. The firm currently has an “underperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential downside of 30.83% from the company’s previous close.
OSB has been the subject of a number of other reports. TD Securities downgraded Norbord from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$42.00 to C$43.00 in a research report on Friday, October 13th. Scotiabank restated an “outperform” rating and set a C$55.00 target price on shares of Norbord in a report on Tuesday, October 17th. CIBC lifted their price objective on Norbord from C$53.00 to C$54.00 in a research note on Thursday, October 19th. Finally, CSFB lifted their price objective on Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$49.38.
Shares of Norbord (TSE OSB) traded up C$0.40 during trading hours on Friday, hitting C$46.26. The stock had a trading volume of 136,000 shares, compared to its average volume of 319,842. Norbord has a 52-week low of C$36.10 and a 52-week high of C$51.75. The stock has a market cap of $3,980.00, a price-to-earnings ratio of 7.37 and a beta of 2.06.
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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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