Norbord’s “Outperform” Rating Reaffirmed at RBC Capital (NBD)
Norbord (TSE:NBD)‘s stock had its “outperform” rating reiterated by RBC Capital in a research note issued on Monday, American Banking and Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities cut their price target on shares of Norbord (TSE:NBD) from C$35.00 to C$33.00 in a research note to investors on Monday, September 16th. They now have a “hold” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Norbord (TSE:NBD) from C$44.00 to C$34.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. Finally, analysts at CSFB cut their price target on shares of Norbord (TSE:NBD) from C$44.00 to C$34.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$33.78.
Norbord (TSE:NBD) traded down 0.92% during mid-day trading on Monday, hitting $30.03. The stock had a trading volume of 147,067 shares. Norbord has a one year low of $17.11 and a one year high of $37.93. The stock’s 50-day moving average is $29.63 and its 200-day moving average is $32.1. The company has a market cap of $1.595 billion and a P/E ratio of 7.60.
Norbord Inc (TSE:NBD) is an international producer of wood-based panels, with 13 plants United States, Europe and Canada.
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