Norbord Inc (OSB) Receives Average Rating of “Buy” from Analysts

Shares of Norbord Inc (TSE:OSB) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$50.00.

A number of research firms have weighed in on OSB. CIBC cut shares of Norbord from an “outperform” rating to a “neutral” rating in a research report on Monday, September 25th. TD Securities cut shares of Norbord from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$42.00 to C$43.00 in a research report on Friday, October 13th. Royal Bank of Canada upped their price objective on shares of Norbord from C$50.00 to C$58.00 and gave the stock a “top pick” rating in a research report on Monday, September 25th. BMO Capital Markets restated an “underperform” rating and set a C$32.00 price objective on shares of Norbord in a research report on Friday, September 29th. Finally, Scotiabank restated an “outperform” rating and set a C$55.00 price objective on shares of Norbord in a research report on Tuesday, October 17th.

Norbord (TSE:OSB) opened at C$42.83 on Friday. The firm has a market cap of $3,670.00, a price-to-earnings ratio of 8.78 and a beta of 1.96. Norbord has a 12-month low of C$31.38 and a 12-month high of C$51.75.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Friday, December 1st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.60%. This is a boost from Norbord’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 30th. Norbord’s dividend payout ratio is 15.76%.

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About Norbord

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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