Norbord Inc (OSB) Given New C$54.00 Price Target at CSFB
A number of other research analysts have also recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of Norbord from C$50.00 to C$58.00 and gave the company a top pick rating in a research report on Monday, September 25th. TD Securities lifted their price target on shares of Norbord from C$37.00 to C$48.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Scotiabank reaffirmed an outperform rating and set a C$55.00 price target on shares of Norbord in a research report on Tuesday. BMO Capital Markets lifted their price target on shares of Norbord from C$28.00 to C$31.00 and gave the company a market perform rating in a research report on Monday, July 31st. Finally, CIBC cut shares of Norbord from an outperform rating to a neutral rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Norbord currently has a consensus rating of Buy and a consensus price target of C$49.63.
Norbord (OSB) traded down 0.15% during midday trading on Friday, reaching $46.52. 564,738 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.01 billion and a P/E ratio of 15.30. Norbord has a 52 week low of $28.91 and a 52 week high of $51.75. The stock’s 50 day moving average is $47.87 and its 200 day moving average is $42.35.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 1st were given a dividend of $0.398 per share. This represents a $1.59 dividend on an annualized basis and a yield of 3.42%. This is a boost from Norbord’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, August 30th.
In other news, insider Robin E.A. Lampard sold 51,300 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of C$43.00, for a total transaction of C$2,205,900.00. Also, insider Nigel Banks sold 19,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of C$42.00, for a total transaction of C$798,000.00. Over 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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