Norbord Inc Stock Is Crashing Now

 Norbord Inc Stock Is Crashing Now

The stock of Norbord Inc (TSE:OSB) is a huge mover today! About 31,170 shares traded hands. Norbord Inc (TSE:OSB) has risen 34.82% since April 22, 2016 and is uptrending. It has outperformed by 28.80% the S&P500.
The move comes after 7 months negative chart setup for the $2.81 billion company. It was reported on Nov, 28 by We have $30.04 PT which if reached, will make TSE:OSB worth $224.80 million 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 -2.76% below today’s ($32.65) stock price. Norbord Inc. has been the topic of 3 analyst reports since May 2, 2016 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Scotia Capital on Monday, June 27. On Monday, October 24 the stock rating was downgraded by IBC to “Sector Perform”.

Norbord Inc. is a manufacturer of wood panels. The company has a market cap of $2.81 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 15.37 P/E ratio. The Company’s geographic divisions include North America and Europe.

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