Norbord Inc (TSE:OSB) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$45.32.
Several research firms recently commented on OSB. TD Securities boosted their price objective on shares of Norbord from C$37.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Scotiabank boosted their price objective on shares of Norbord from C$42.00 to C$44.25 and gave the stock an “outperform” rating in a research note on Monday, July 31st. BMO Capital Markets boosted their price objective on shares of Norbord from C$28.00 to C$31.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. CSFB boosted their price objective on shares of Norbord from C$42.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “top pick” rating on shares of Norbord in a research note on Wednesday, June 7th.
Norbord (TSE OSB) traded down 0.24% during midday trading on Friday, hitting $41.71. 52,504 shares of the stock were exchanged. The company has a market cap of $3.59 billion and a PE ratio of 13.72. The firm’s 50 day moving average price is $41.21 and its 200 day moving average price is $39.08. Norbord has a 12 month low of $28.91 and a 12 month high of $44.65.
Norbord Company Profile
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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