Norbord Inc (OSB) PT Raised to C$40.00

Norbord Inc (TSE:OSB) had its price objective lifted by analysts at CSFB from C$34.00 to C$40.00 in a research report issued to clients and investors on Friday. CSFB’s price target would indicate a potential upside of 6.35% from the company’s current price.

A number of other equities research analysts also recently issued reports on OSB. Scotiabank reiterated an “outperform” rating and issued a C$41.25 price objective on shares of Norbord in a research report on Friday, March 10th. TD Securities increased their price objective on Norbord from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. CIBC increased their price objective on Norbord from C$35.00 to C$36.00 in a research report on Tuesday, February 7th. Finally, Royal Bank of Canada reiterated a “top pick” rating and issued a C$45.00 price objective on shares of Norbord in a research report on Monday, February 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Norbord has an average rating of “Buy” and a consensus price target of C$40.04.

Analyst Recommendations for Norbord (TSE:OSB)

Norbord (TSE:OSB) opened at 37.61 on Friday. The company has a market capitalization of $3.23 billion and a P/E ratio of 17.66. The firm has a 50-day moving average price of $37.26 and a 200-day moving average price of $34.18. Norbord has a 1-year low of $23.11 and a 1-year high of $40.06.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Tuesday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.40 dividend on an annualized basis and a yield of 1.06%.

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In other Norbord news, insider Nigel Banks sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of C$37.20, for a total transaction of C$1,116,000.00.

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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