Norbord Given Consensus Rating of “Hold” by Analysts (TSE:NBD)
Norbord (TSE:NBD) has been given an average rating of “Hold” by the nine brokerages that are presently covering the company, StockRatingsNetwork reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$30.75.
A number of research firms have recently commented on NBD. Analysts at Raymond James downgraded shares of Norbord from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a C$26.25 price target on the stock, down previously from C$32.00. Finally, analysts at RBC Capital cut their price target on shares of Norbord from C$27.00 to C$26.00 in a research note on Wednesday, July 9th.
Norbord (TSE:NBD) opened at 22.99 on Wednesday. Norbord has a one year low of $22.83 and a one year high of $34.24. The stock’s 50-day moving average is $25.89 and its 200-day moving average is $28.53. The company has a market cap of $1.228 billion and a price-to-earnings ratio of 14.26.
Norbord (TSE:NBD) last released its earnings data on Monday, May 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.13. Analysts expect that Norbord will post $1.01 EPS for the current fiscal year.
Norbord Inc is an international producer of wood-based panels with 13 plant locations in the United States, Europe and Canada.
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