Several analysts have recently updated their ratings and price targets for Norbord (TSE: OSB):

  • 10/20/2017 – Norbord had its price target raised by analysts at CSFB from C$50.00 to C$54.00.
  • 10/19/2017 – Norbord had its price target raised by analysts at CIBC from C$53.00 to C$54.00.
  • 10/17/2017 – Norbord had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a C$55.00 price target on the stock.
  • 10/13/2017 – Norbord was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$43.00 price target on the stock, up previously from C$42.00.
  • 9/29/2017 – Norbord had its “underperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$32.00 price target on the stock.
  • 9/25/2017 – Norbord had its price target raised by analysts at Scotiabank from C$45.25 to C$51.00. They now have an “outperform” rating on the stock.
  • 9/25/2017 – Norbord was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating.
  • 9/25/2017 – Norbord had its price target raised by analysts at Royal Bank Of Canada from C$50.00 to C$58.00. They now have a “top pick” rating on the stock.

Shares of Norbord Inc (TSE OSB) opened at 46.50 on Wednesday. The company has a market capitalization of $4.00 billion and a P/E ratio of 15.30. The firm has a 50-day moving average of $47.92 and a 200 day moving average of $42.48. Norbord Inc has a 52-week low of $28.91 and a 52-week high of $51.75.

In other news, insider Peter Cornelius Wijnbergen sold 13,800 shares of Norbord stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of C$45.50, for a total value of C$627,900.00. Also, insider Robin E.A. Lampard sold 51,300 shares of Norbord stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of C$43.00, for a total transaction of C$2,205,900.00. Insiders sold 170,123 shares of company stock worth $7,478,112 over the last quarter.

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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