Norbord Inc (OSB) Receives C$48.57 Average PT from Brokerages
Shares of Norbord Inc (TSE:OSB) have been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$48.57.
A number of equities analysts have recently issued reports on the company. Scotiabank reissued an “outperform” rating and set a C$44.25 price target on shares of Norbord in a research report on Friday, August 18th. CSFB increased their price target on Norbord from C$42.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. CIBC downgraded Norbord from an “outperform” rating to a “neutral” rating in a research report on Monday, September 25th. Royal Bank Of Canada increased their price target on Norbord from C$50.00 to C$58.00 and gave the stock a “top pick” rating in a research report on Monday, September 25th. Finally, TD Securities increased their price target on Norbord from C$37.00 to C$48.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd.
Shares of Norbord (TSE OSB) opened at 49.85 on Wednesday. The company has a market cap of $4.29 billion and a PE ratio of 16.40. The stock’s 50 day moving average is $46.13 and its 200-day moving average is $41.68. Norbord has a one year low of $28.91 and a one year high of $51.75.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Investors of record on Friday, September 1st were given a dividend of $0.398 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.59 dividend on an annualized basis and a yield of 3.19%. This is an increase from Norbord’s previous quarterly dividend of $0.30.
In related news, insider Robin E.A. Lampard sold 51,300 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of C$43.00, for a total transaction of C$2,205,900.00. Also, insider Nigel Banks sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of C$43.50, for a total value of C$65,250.00. In the last ninety days, insiders have sold 170,123 shares of company stock worth $7,478,112.
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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