Analysts who follow Norbord Inc (OSB) on average expect it to rise 22.03% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns OSB an Analyst Ranking of 70, which means it ranks higher than 70 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Norbord Inc Stock Today?
Norbord Inc (OSB) stock is trading at $23.75 as of 1:49 PM on Thursday, Jul 2, an increase of $1.91, or 8.75% from the previous closing price of $21.84. The stock has traded between $22.55 and $23.97 so far today. Volume today is 213,303 compared to average volume of 255,603.
