Nigel Banks Sells 30,000 Shares of Norbord Inc (OSB) Stock
Norbord Inc (TSE:OSB) insider Nigel Banks sold 30,000 shares of the business’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of C$37.20, for a total value of C$1,116,000.00.
Norbord Inc (TSE:OSB) opened at 38.42 on Friday. The firm has a 50-day moving average price of $34.35 and a 200-day moving average price of $33.13. The firm has a market capitalization of $3.30 billion and a PE ratio of 18.04. Norbord Inc has a 1-year low of $20.77 and a 1-year high of $38.74.
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A number of research firms have issued reports on OSB. Scotiabank reissued an “outperform” rating and issued a C$40.75 target price on shares of Norbord in a research note on Monday, February 6th. Royal Bank Of Canada reissued a “top pick” rating and issued a C$45.00 target price on shares of Norbord in a research note on Monday, February 6th. RBC Capital Markets boosted their target price on Norbord from C$38.00 to C$45.00 in a research note on Thursday, October 20th. TD Securities set a C$32.00 target price on Norbord and gave the company a “hold” rating in a research note on Monday, October 31st. Finally, CIBC boosted their target price on Norbord from C$35.00 to C$36.00 in a research note on Tuesday, February 7th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$40.39.
Norbord Company Profile
Norbord Inc is a manufacturer of wood-based panels. The Company is engaged in producing oriented strand board (OSB) with annual capacity of approximately eight billion square feet (Bsf) (3/8-inch basis). The Company’s geographic segments include North America and Europe. In North America, the Company owns approximately 10 OSB production facilities located in the Southern region of the United States, Western Canada, Quebec, Ontario and Minnesota.
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