Norbord (TSE:OSB) PT Set at C$32.00 by BMO Capital Markets

Norbord (TSE:OSB) has been assigned a C$32.00 price objective by investment analysts at BMO Capital Markets in a report issued on Friday, February 9th. The firm presently has an “underperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 30.83% from the stock’s previous close.

A number of other brokerages have also recently commented on OSB. TD Securities cut Norbord from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$42.00 to C$43.00 in a research note on Friday, October 13th. Scotiabank reaffirmed an “outperform” rating and issued a C$55.00 price target on shares of Norbord in a research note on Tuesday, October 17th. CIBC lifted their price target on Norbord from C$53.00 to C$54.00 in a research note on Thursday, October 19th. Finally, CSFB boosted their target price on Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. One investment 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. Norbord presently has a consensus rating of “Buy” and an average target price of C$49.38.

Shares of Norbord (TSE:OSB) opened at C$46.26 on Friday. The stock has a market capitalization of $4,000.00, a PE ratio of 7.32 and a beta of 2.06. Norbord has a 12-month low of C$36.10 and a 12-month high of C$51.75.

Norbord (TSE:OSB) last released its earnings results on Friday, February 2nd. The company reported C$1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.73 by C$0.06. The company had revenue of C$756.97 million during the quarter. Norbord had a return on equity of 66.95% and a net margin of 26.85%.

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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.

Analyst Recommendations for Norbord (TSE:OSB)

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