Norbord Inc (TSE:OSB) had its target price raised by stock analysts at BMO Capital Markets from C$28.00 to C$31.00 in a research note issued to investors on Monday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 26.00% from the stock’s previous close.
OSB has been the subject of a number of other research reports. CIBC raised their price target on shares of Norbord from C$36.00 to C$43.00 in a research report on Monday, April 24th. Royal Bank Of Canada reissued a “top pick” rating on shares of Norbord in a research report on Wednesday, June 7th. Scotiabank raised their price target on shares of Norbord from C$42.50 to C$44.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. raised their price target on shares of Norbord from C$47.00 to C$54.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 3rd. Finally, CSFB raised shares of Norbord from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$42.00 to C$50.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Norbord has a consensus rating of “Buy” and an average price target of C$45.28.
Shares of Norbord (TSE OSB) traded up 4.01% on Monday, hitting $43.57. 174,152 shares of the stock traded hands. The firm’s 50-day moving average is $40.40 and its 200 day moving average is $38.56. The firm has a market cap of $3.74 billion and a P/E ratio of 14.34. Norbord has a 12-month low of $27.50 and a 12-month high of $43.66.
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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.
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