Norbord Inc (OSB) Given Consensus Rating of “Buy” by Brokerages
Shares of Norbord Inc (TSE:OSB) have been given a consensus rating of “Buy” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has 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 price target among brokerages that have updated their coverage on the stock in the last year is C$50.00.
A number of equities research analysts have recently commented on OSB shares. CSFB raised their price objective on shares of Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. CIBC dropped their price objective on shares of Norbord from C$54.00 to C$50.00 in a research note on Tuesday, October 31st. Scotiabank reaffirmed an “outperform” rating and set a C$55.00 price objective on shares of Norbord in a research note on Monday, October 30th. TD Securities dropped their price objective on shares of Norbord to C$50.00 and set a “hold” rating on the stock in a research note on Tuesday, October 31st. Finally, BMO Capital Markets reaffirmed an “underperform” rating and set a C$32.00 price objective on shares of Norbord in a research note on Friday, September 29th.
Shares of Norbord (OSB) opened at C$43.24 on Monday. Norbord has a one year low of C$31.38 and a one year high of C$51.75.
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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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