Norbord (TSE:OSB) had its target price cut by Raymond James from C$41.00 to C$40.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Norbord’s Q4 2019 earnings at $1.53 EPS and FY2019 earnings at $1.95 EPS.
Several other equities research analysts have also recently weighed in on OSB. Royal Bank of Canada reduced their price target on Norbord from C$42.00 to C$40.00 in a research note on Tuesday, July 9th. CIBC upped their price target on Norbord from C$31.00 to C$35.00 in a research note on Friday, July 5th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$28.00 price target on shares of Norbord in a research note on Monday, June 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$35.75.
Shares of OSB stock opened at C$29.31 on Friday. The stock has a market capitalization of $2.39 billion and a PE ratio of 9.07. The business has a fifty day moving average price of C$31.32. Norbord has a twelve month low of C$26.31 and a twelve month high of C$57.29. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.82 and a current ratio of 1.80.
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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