Yesterday, an analyst has provided a rating update for the Materials sector company, Norbord (TSX: OSB). Analyst Paul Quinn from RBC Capital remains bullish on the stock and has a C$55 price target.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of 18.0% and a 67.8% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Clearwater Paper, and Resolute Forest.
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Norbord has an analyst consensus of Moderate Buy, with a price target consensus of C$54, implying a 59.8% upside from current levels. In a report issued on October 11, Scotiabank also reiterated a Buy rating on the stock with a C$53 price target.
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The company has a one-year high of C$58.92 and a one-year low of C$33.79. Currently, Norbord has an average volume of 422.8K.
Norbord, Inc. engages in the manufacturing, sales, marketing and distribution of panelboards and related products. Its products are used in the construction of new homes or in the renovation and repair of existing structures. The company was founded in 1987 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$33.79, equals to its 52-week low of C$33.79.
