Nigel Banks Sells 11,500 Shares of Norbord Inc (OSB) Stock
Norbord Inc (TSE:OSB) insider Nigel Banks sold 11,500 shares of Norbord stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of C$43.50, for a total value of C$500,250.00.
Nigel Banks also recently made the following trade(s):
- On Wednesday, September 6th, Nigel Banks sold 1,500 shares of Norbord stock. The shares were sold at an average price of C$43.50, for a total value of C$65,250.00.
- On Monday, August 28th, Nigel Banks sold 19,000 shares of Norbord stock. The shares were sold at an average price of C$42.00, for a total value of C$798,000.00.
Norbord Inc (OSB) opened at 45.88 on Friday. Norbord Inc has a one year low of $28.91 and a one year high of $45.95. The company has a market capitalization of $3.95 billion and a PE ratio of 15.09. The firm’s 50 day moving average price is $42.22 and its 200-day moving average price is $40.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 1st will be given a dividend of $0.398 per share. This is an increase from Norbord’s previous quarterly dividend of $0.30. This represents a $1.59 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, August 30th.
A number of research analysts have issued reports on the company. Scotiabank reissued an “outperform” rating and set a C$44.25 price objective on shares of Norbord in a report on Friday, August 18th. BMO Capital Markets lifted their price objective on Norbord from C$28.00 to C$31.00 and gave the company a “market perform” rating in a report on Monday, July 31st. TD Securities lifted their price objective on Norbord from C$37.00 to C$48.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. CSFB lifted their price objective on Norbord from C$42.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “top pick” rating on shares of Norbord in a report on Wednesday, June 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$45.28.
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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