Could Norbord Inc Change Direction After Today’s Huge Decline?

 Could Norbord Inc Change Direction After Today's Huge Decline?

The stock of Norbord Inc (TSE:OSB) is a huge mover today! About 96,636 shares traded hands. Norbord Inc (TSE:OSB) has risen 14.95% since April 5, 2016 and is uptrending. It has outperformed by 10.17% the S&P500.
The move comes after 9 months negative chart setup for the $2.51 billion company. It was reported on Nov, 9 by Barchart.com. We have $27.32 PT which if reached, will make TSE:OSB worth $225.90M less.

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 5.76% above today’s ($30.02) stock price. Norbord Inc. has been the topic of 3 analyst reports since May 2, 2016 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by IBC given on Monday, October 24. The stock of Norbord Inc (TSE:OSB) has “Outperform” rating given on Monday, June 27 by Scotia Capital.

Another recent and important Norbord Inc (TSE:OSB) news was published by Bloomberg.com which published an article titled: “Norbord to Buy Ainsworth to Add Board Mills” on December 08, 2014.

Norbord Inc. is a manufacturer of wood panels. The company has a market cap of $2.51 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 14.39 P/E ratio. The Company’s geographic divisions include North America and Europe.

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