CIBC Lowers Norbord (OSB) Price Target to C$42.00

Norbord (TSE:OSB) had its target price dropped by CIBC from C$50.00 to C$42.00 in a report issued on Friday. CIBC’s price objective would suggest a potential downside of 1.55% from the stock’s current price.

OSB has been the subject of several other research reports. TD Securities decreased their price target on Norbord to C$50.00 and set a “hold” rating for the company in a report on Tuesday, October 31st. CSFB upped their price target on Norbord from C$50.00 to C$54.00 in a report on Friday, October 20th. BMO Capital Markets restated an “underperform” rating and issued a C$32.00 price objective on shares of Norbord in a research note on Friday, September 29th. Scotiabank restated an “outperform” rating and issued a C$55.00 price objective on shares of Norbord in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada upped their price objective on Norbord from C$50.00 to C$58.00 and gave the company a “top pick” rating in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Norbord currently has an average rating of “Buy” and an average price target of C$49.00.

Shares of Norbord (TSE OSB) opened at C$42.66 on Friday. Norbord has a 1-year low of C$31.38 and a 1-year high of C$51.75. The stock has a market capitalization of $3,680.00, a price-to-earnings ratio of 8.76 and a beta of 1.96.

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Norbord Company Profile

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.

Analyst Recommendations for Norbord (TSE:OSB)

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