Could Norbord Inc See a Reversal After This Very Strong Session?

 Could Norbord Inc See a Reversal After This Very Strong Session?

The stock of Norbord Inc (TSE:OSB) is a huge mover today! About 164,050 shares traded hands. Norbord Inc (TSE:OSB) has risen 28.43% since March 24, 2016 and is uptrending. It has outperformed by 24.96% the S&P500.
The move comes after 6 months positive chart setup for the $2.73 billion company. It was reported on Oct, 31 by Barchart.com. We have $40.79 PT which if reached, will make TSE:OSB worth $709.80 million more.

Norbord Inc (TSE:OSB) Ratings Coverage

Out of 3 analysts covering Norbord Inc. (TSE:OSB), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $35 is the highest target while $26 is the lowest. The $31.75 average target is -1.92% below today’s ($32.37) stock price. Norbord Inc. has been the topic of 3 analyst reports since May 2, 2016 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Outperform” rating in Monday, June 27 report. IBC downgraded the shares of OSB in a report on Monday, October 24 to “Sector Perform” rating.

More news for Norbord Inc (TSE:OSB) were recently published by: Bloomberg.com, which released: “Norbord to Buy Ainsworth to Add Board Mills” on December 08, 2014. Reuters.com‘s article titled: “BRIEF-Norbord Inc Reports Fire At High Level, Alberta Mill” and published on May 05, 2016 is yet another important article.

Norbord Inc. is a manufacturer of wood panels. The company has a market cap of $2.73 billion. The Firm is engaged in producing oriented strand board with annual capacity of approximately eight billion square feet (Bsf) (3/8-inch basis). It has a 15.38 P/E ratio. The Company’s geographic divisions include North America and Europe.

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