Norbord Inc (TSE:OSB) has been given an average rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$49.38.

OSB has been the topic of a number of recent research reports. TD Securities dropped their price target on shares of Norbord to C$50.00 and set a “hold” rating on the stock in a research note on Tuesday, October 31st. CIBC upped their price target on shares of Norbord from C$53.00 to C$54.00 in a research note on Thursday, October 19th. CSFB upped their price target on shares of Norbord from C$50.00 to C$54.00 in a research note on Friday, October 20th. Finally, Scotiabank restated an “outperform” rating and set a C$55.00 price target on shares of Norbord in a research note on Tuesday, October 17th.

Shares of Norbord (OSB) opened at C$46.17 on Tuesday. The company has a market cap of $4,010.00, a P/E ratio of 9.61 and a beta of 2.06. Norbord has a 52 week low of C$33.84 and a 52 week high of C$51.75.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Thursday, March 1st will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Wednesday, February 28th. Norbord’s dividend payout ratio is presently 24.03%.

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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.

Analyst Recommendations for Norbord (TSE:OSB)

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