Norbord (OSB) Sets New 52-Week Low at $29.38
Norbord Inc (TSE:OSB)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$29.38 and last traded at C$29.66, with a volume of 194802 shares. The stock had previously closed at C$30.21.
OSB has been the topic of a number of recent research reports. Raymond James lowered their price objective on Norbord from C$51.00 to C$45.00 in a research note on Wednesday, April 3rd. Royal Bank of Canada lowered Norbord from a “top pick” rating to an “outperform” rating and set a C$45.00 price objective on the stock. in a research note on Monday, February 4th. Finally, CIBC raised their price objective on Norbord from C$29.00 to C$30.00 in a research note on Tuesday, February 5th.
The firm has a market cap of $2.47 billion and a price-to-earnings ratio of 9.14. The company has a quick ratio of 0.82, a current ratio of 1.80 and a debt-to-equity ratio of 80.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Saturday, June 1st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Thursday, May 30th. Norbord’s dividend payout ratio is presently 145.04%.
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Norbord Company Profile (TSE:OSB)
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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