CIBC Trims Norbord (OSB) Target Price to C$42.00
A number of other equities research analysts have also recently commented on OSB. Royal Bank of Canada upped their target price on shares of Norbord from C$50.00 to C$58.00 and gave the company a top pick rating in a report on Monday, September 25th. Scotiabank upped their target price on shares of Norbord from C$45.25 to C$51.00 and gave the company an outperform rating in a report on Monday, September 25th. BMO Capital Markets reaffirmed an underperform rating and issued a C$32.00 target price on shares of Norbord in a report on Friday, September 29th. TD Securities cut shares of Norbord from a buy rating to a hold rating and increased their price target for the stock from C$42.00 to C$43.00 in a report on Friday, October 13th. Finally, CSFB increased their price target on shares of Norbord from C$50.00 to C$54.00 in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of C$49.00.
Shares of Norbord (TSE:OSB) opened at C$43.37 on Friday. Norbord has a 1-year low of C$31.38 and a 1-year high of C$51.75. The company has a market cap of $3,800.00, a PE ratio of 8.96 and a beta of 1.96.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 1st were issued a dividend of $0.60 per share. This is a boost from Norbord’s previous quarterly dividend of $0.40. This represents a $2.40 annualized dividend and a yield of 5.53%. The ex-dividend date was Thursday, November 30th. Norbord’s dividend payout ratio is currently 15.89%.
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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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