Norbord (TSE:OSB) PT Lowered to C$40.00

Norbord (TSE:OSB) had its target price decreased by research analysts at Royal Bank of Canada from C$42.00 to C$40.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 28.74% from the company’s current price.

OSB has been the subject of a number of other reports. CIBC boosted their target price on shares of Norbord from C$31.00 to C$35.00 in a research note on Friday, July 5th. Raymond James reissued a “hold” rating on shares of Broadcom in a research note on Friday, June 14th. Finally, BMO Capital Markets raised shares of Bank of America from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$37.00.

Shares of OSB traded down C$0.02 during trading hours on Tuesday, reaching C$31.07. 118,214 shares of the company traded hands, compared to its average volume of 334,630. The stock has a market capitalization of $2.84 billion and a price-to-earnings ratio of 9.62. Norbord has a 12-month low of C$26.31 and a 12-month high of C$57.29. The company has a current ratio of 1.80, a quick ratio of 0.82 and a debt-to-equity ratio of 80.32. The stock has a fifty day moving average of C$29.95.

Norbord (TSE:OSB) last issued its earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.07). The firm had revenue of C$632.87 million for the quarter, compared to analysts’ expectations of C$621.00 million. On average, equities analysts expect that Norbord will post 2.1599999 earnings per share for the current year.

Norbord Company Profile

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers 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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Analyst Recommendations for Norbord (TSE:OSB)

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