Norbord Inc (TSE:OSB) had its target price upped by equities research analysts at TD Securities from C$37.00 to C$48.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 14.83% from the company’s previous close.
Other analysts have also recently issued research reports about the company. CIBC lifted their target price on Norbord from C$36.00 to C$43.00 in a research report on Monday, April 24th. BMO Capital Markets lifted their target price on Norbord from C$28.00 to C$31.00 and gave the stock a “market perform” rating in a research report on Monday, July 31st. CSFB lifted their target price on Norbord from C$42.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Scotiabank lifted their target price on Norbord from C$42.00 to C$44.25 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Finally, Canaccord Genuity upgraded Norbord from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$43.00 to C$47.00 in a research report on Tuesday, June 6th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Norbord presently has an average rating of “Buy” and an average price target of C$45.28.
Shares of Norbord (TSE OSB) opened at 41.80 on Thursday. The stock has a market cap of $3.60 billion and a P/E ratio of 13.75. Norbord has a 1-year low of $27.50 and a 1-year high of $44.65. The firm’s 50-day moving average price is $40.69 and its 200 day moving average price is $38.76.
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Norbord Company Profile
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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