TD Securities Lowers Norbord Inc (OSB) Price Target to C$50.00
Norbord Inc (TSE:OSB) had its price objective reduced by research analysts at TD Securities to C$50.00 in a report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 7.53% from the stock’s current price.
OSB has been the subject of a number of other reports. CIBC cut Norbord from an “outperform” rating to a “neutral” rating in a research note on Monday, September 25th. Royal Bank Of Canada upped their price target 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. BMO Capital Markets reaffirmed an “underperform” rating and issued a C$32.00 price target on shares of Norbord in a research note on Friday, September 29th. Scotiabank reaffirmed an “outperform” rating and issued a C$55.00 price target on shares of Norbord in a research note on Tuesday, October 17th. Finally, CSFB upped their price target on Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$50.00.
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In related news, insider Peter Cornelius Wijnbergen sold 8,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$368,000.00. Also, Director Houston Paul sold 21,378 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of C$46.80, for a total value of C$1,000,490.40. Over the last three months, insiders have sold 170,123 shares of company stock valued at $7,478,112.
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.
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