Norbord’s Sector Perform Rating Reaffirmed at RBC Capital (NBD)
Norbord (TSE:NBD)‘s stock had its “sector perform” rating reiterated by stock analysts at RBC Capital in a report issued on Tuesday, AR Network reports.
Norbord (TSE:NBD) opened at 31.94 on Tuesday. Norbord has a 1-year low of $25.10 and a 1-year high of $37.93. The stock has a 50-day moving average of $32.09 and a 200-day moving average of $30.70. The company has a market cap of $1.702 billion and a price-to-earnings ratio of 8.46.
Norbord (TSE:NBD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.50 earnings per share for the quarter. Analysts expect that Norbord will post $2.84 EPS for the current fiscal year.
A number of other firms have also recently commented on NBD. Analysts at Raymond James raised their price target on shares of Norbord from C$32.00 to C$34.00 in a research note to investors on Monday, December 23rd. They now have a “market perform” rating on the stock. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Norbord in a research note to investors on Monday, November 4th. They now have a C$37.00 price target on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Norbord from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, November 4th. They now have a C$28.00 price target on the stock, down previously from C$30.00. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$34.00.
Norbord Inc (TSE:NBD) is an international producer of wood-based panels, with 13 plants United States, Europe and Canada.
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