Norbord Inc (OSB) Receives Consensus Recommendation of “Buy” from Brokerages
Norbord Inc (TSE:OSB) has been given an average rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$49.38.
OSB has been the topic of a number of recent research reports. TD Securities dropped their price target on shares of Norbord to C$50.00 and set a “hold” rating on the stock in a research note on Tuesday, October 31st. CIBC upped their price target on shares of Norbord from C$53.00 to C$54.00 in a research note on Thursday, October 19th. CSFB upped their price target on shares of Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. Finally, Scotiabank restated an “outperform” rating and set a C$55.00 price target on shares of Norbord in a research note on Tuesday, October 17th.
Shares of Norbord (OSB) opened at C$46.17 on Tuesday. The company has a market cap of $4,010.00, a P/E ratio of 9.61 and a beta of 2.06. Norbord has a 52 week low of C$33.84 and a 52 week high of C$51.75.
COPYRIGHT VIOLATION WARNING: This article was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.watchlistnews.com/norbord-inc-osb-receives-consensus-recommendation-of-buy-from-brokerages/1848356.html.
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.
Receive News & Ratings for Norbord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norbord and related companies with MarketBeat.com's FREE daily email newsletter.