Norbord (TSE:OSB) received a C$32.00 price objective from stock analysts at BMO Capital Markets in a report issued on Friday. The brokerage presently has an “underperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 26.96% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. CIBC lifted their price objective on shares of Norbord from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Monday. Scotiabank reissued an “outperform” rating and issued a C$55.00 price target on shares of Norbord in a report on Monday, October 30th. CSFB boosted their price target on shares of Norbord from C$50.00 to C$54.00 in a report on Friday, October 20th. Finally, TD Securities downgraded shares of Norbord from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$42.00 to C$43.00 in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$49.38.
Norbord (OSB) traded down C$1.13 on Friday, reaching C$43.81. 240,014 shares of the company’s stock were exchanged, compared to its average volume of 307,116. The stock has a market cap of $3,760.00, a P/E ratio of 6.85 and a beta of 2.06. Norbord has a 1 year low of C$36.10 and a 1 year high of C$51.75.
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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