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

Norbord (TSE:OSB) had its target price cut by equities research analysts at CIBC from C$50.00 to C$42.00 in a research report issued to clients and investors on Friday. CIBC’s price target would suggest a potential downside of 1.55% from the stock’s previous close.

A number of other equities analysts have also weighed in on OSB. BMO Capital Markets reaffirmed an “underperform” rating and set a C$32.00 target price on shares of Norbord in a research report on Friday, September 29th. Scotiabank upped their target price on Norbord from C$45.25 to C$51.00 and gave the stock an “outperform” rating in a research report on Monday, September 25th. TD Securities lowered their target price on Norbord to C$50.00 and set a “hold” rating on the stock in a research report on Tuesday, October 31st. CSFB upped their target price on Norbord from C$50.00 to C$54.00 in a research report on Friday, October 20th. Finally, Royal Bank of Canada upped their target price on Norbord from C$50.00 to C$58.00 and gave the stock a “top pick” rating in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$49.00.

Norbord (TSE OSB) opened at C$42.66 on Friday. Norbord has a 12 month low of C$31.38 and a 12 month high of C$51.75. The stock has a market capitalization of $3,680.00, a P/E ratio of 8.76 and a beta of 1.96.

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About Norbord

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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