Norbord (OSB) has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Paul Quinn reiterates their Buy rating on the shares, with a C$45 price target.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 13.3% and a 62.3% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and International Paper Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norbord with a C$44.67 average price target, a 25.1% upside from current levels. In a report issued on January 3, Scotiabank also reiterated a Buy rating on the stock with a C$39 price target.
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The company has a one-year high of C$58.92 and a one-year low of C$31.87. Currently, Norbord has an average volume of 437K.
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 Monday at C$35.70, close to its 52-week low of C$31.87.
