Norbord’s (OSB) “Outperform” Rating Reaffirmed at Scotiabank

Norbord Inc (TSE:OSB)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a research note issued on Tuesday, October 17th. They currently have a C$55.00 price objective on the stock. Scotiabank’s target price points to a potential upside of 20.35% from the company’s previous close.

A number of other research analysts also recently commented on OSB. CSFB increased their target price on Norbord from C$42.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. BMO Capital Markets increased their target price on Norbord from C$28.00 to C$31.00 and gave the stock a “market perform” rating in a report on Monday, July 31st. TD Securities raised their price target on Norbord from C$37.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Royal Bank Of Canada raised their price target on Norbord from C$50.00 to C$58.00 and gave the stock a “top pick” rating in a report on Monday, September 25th. Finally, CIBC downgraded Norbord from an “outperform” rating to a “neutral” rating in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$50.00.

Norbord (TSE OSB) traded down C$0.29 during trading hours on Tuesday, reaching C$45.70. The company’s stock had a trading volume of 173,365 shares. Norbord has a 52 week low of C$28.91 and a 52 week high of C$51.75.

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In other Norbord news, insider Nigel Banks sold 19,000 shares of Norbord stock in a transaction on Monday, August 28th. The stock was sold at an average price of C$42.00, for a total transaction of C$798,000.00. Also, Director Houston Paul sold 3,245 shares of Norbord stock in a transaction on Thursday, September 7th. The shares were sold at an average price of C$45.17, for a total value of C$146,576.65. Insiders have sold a total of 170,123 shares of company stock worth $7,478,112 in the last ninety days.

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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