Norbord (TSE:OSB) had its price objective cut by research analysts at 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 5.98% from the stock’s previous close.
OSB has been the subject of several other reports. BMO Capital Markets reiterated an “underperform” rating and set a C$32.00 price objective on shares of Norbord in a research report on Friday, September 29th. TD Securities downgraded Norbord from a “buy” rating to a “hold” rating and upped their target price for the stock from C$42.00 to C$43.00 in a research report on Friday, October 13th. Scotiabank upped their target price on Norbord from C$45.25 to C$51.00 and gave the stock an “outperform” rating in a research report on Monday, September 25th. Royal Bank of Canada increased their price objective on Norbord from C$50.00 to C$58.00 and gave the company a “top pick” rating in a research report on Monday, September 25th. Finally, CSFB increased their price objective on Norbord from C$50.00 to C$54.00 in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$49.00.
Shares of Norbord (TSE:OSB) traded up C$0.89 during midday trading on Friday, hitting C$44.67. The stock had a trading volume of 304,100 shares, compared to its average volume of 239,131. The stock has a market capitalization of $3,860.00, a price-to-earnings ratio of 9.25 and a beta of 1.96. Norbord has a twelve month low of C$31.38 and a twelve month high of C$51.75.
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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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