Brokerages Set Norbord Inc (OSB) Target Price at $49.38
Norbord Inc (TSE:OSB) has been given an average rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$49.38.
Several equities analysts have issued reports on OSB shares. TD Securities decreased their price objective on shares of Norbord to C$50.00 and set a “hold” rating for the company in a research note on Tuesday, October 31st. CIBC upped their price objective on shares of Norbord from C$53.00 to C$54.00 in a research note on Thursday, October 19th. CSFB upped their price objective on shares of Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$55.00 target price on shares of Norbord in a report on Tuesday, October 17th.
Norbord (TSE OSB) traded down C$1.53 during midday trading on Tuesday, reaching C$43.41. 143,615 shares of the company’s stock traded hands, compared to its average volume of 306,261. Norbord has a one year low of C$36.10 and a one year high of C$51.75. The firm has a market capitalization of $3,960.00, a P/E ratio of 7.11 and a beta of 2.06.
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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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