TD Securities Cuts Norbord Inc (OSB) Price Target to C$50.00
Norbord Inc (TSE:OSB) had its price objective decreased by TD Securities to C$50.00 in a research note released on Tuesday, StockTargetPrices.com reports. TD Securities currently has a hold rating on the stock.
Other equities research analysts also recently issued reports about the company. CSFB boosted their target price on Norbord from C$50.00 to C$54.00 in a research report on Friday, October 20th. CIBC boosted their target price on Norbord from C$53.00 to C$54.00 in a research report on Thursday, October 19th. BMO Capital Markets boosted their target price on Norbord from C$28.00 to C$31.00 and gave the stock a market perform rating in a research report on Monday, July 31st. Scotiabank reiterated an outperform rating and issued a C$44.25 target price on shares of Norbord in a research report on Friday, August 18th. Finally, Royal Bank Of Canada boosted their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Norbord currently has an average rating of Buy and an average price target of C$50.00.
WARNING: “TD Securities Cuts Norbord Inc (OSB) Price Target to C$50.00” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/11/02/td-securities-cuts-norbord-inc-osb-price-target-to-c50-00.html.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 1st will be paid a dividend of $0.60 per share. This is a boost from Norbord’s previous quarterly dividend of $0.40. This represents a $2.40 annualized dividend and a yield of Infinity. The ex-dividend date is Thursday, November 30th.
In other Norbord news, insider Nigel Banks sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of C$43.50, for a total transaction of C$65,250.00. Also, Director Houston Paul sold 3,245 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of C$45.17, for a total value of C$146,576.65. Insiders have sold 170,123 shares of company stock worth $7,478,112 over the last three months.
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.
Receive News & Ratings for Norbord Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norbord Inc and related companies with MarketBeat.com's FREE daily email newsletter.