Norbord Inc (OSB) Director Sells C$1,000,490.40 in Stock
Norbord Inc (TSE:OSB) Director Houston Paul sold 21,378 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$46.80, for a total transaction of C$1,000,490.40.
Houston Paul also recently made the following trade(s):
- On Thursday, September 7th, Houston Paul sold 3,245 shares of Norbord stock. The stock was sold at an average price of C$45.17, for a total transaction of C$146,576.65.
Shares of Norbord Inc (TSE:OSB) opened at 46.19 on Friday. The firm’s 50-day moving average is $42.93 and its 200-day moving average is $40.38. The firm has a market capitalization of $3.98 billion and a P/E ratio of 15.19. Norbord Inc has a 52 week low of $28.91 and a 52 week high of $46.90.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be given a dividend of $0.398 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Norbord’s previous quarterly dividend of $0.30. This represents a $1.59 annualized dividend and a dividend yield of 3.45%.
A number of equities research analysts have issued reports on OSB shares. BMO Capital Markets increased their price objective on shares of Norbord from C$28.00 to C$31.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. Scotiabank increased their price objective on shares of Norbord from C$42.00 to C$44.25 and gave the stock an “outperform” rating in a research note on Monday, July 31st. TD Securities increased their price objective on shares of Norbord from C$37.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. CSFB increased their price objective on shares of Norbord from C$42.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “top pick” rating on shares of Norbord in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Norbord presently has an average rating of “Buy” and a consensus price target of C$45.28.
Norbord Company Profile
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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