Norbord Receives Outperform Rating from RBC Capital (NBD)
Norbord (TSE:NBD)‘s stock had its “outperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a C$35.00 target price on the stock. RBC Capital’s target price would suggest a potential upside of 9.44% from the stock’s previous close.
Norbord (TSE:NBD) traded down 2.20% on Monday, hitting $31.98. 441,051 shares of the company’s stock traded hands. Norbord has a 52 week low of $21.30 and a 52 week high of $37.93. The stock’s 50-day moving average is $29.7 and its 200-day moving average is $31.1. The company has a market cap of $1.693 billion and a price-to-earnings ratio of 8.20.
Norbord (TSE:NBD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.50 earnings per share (EPS) for the quarter. On average, analysts predict that Norbord will post $2.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, December 21st. Investors of record on Sunday, December 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 7.50%.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector outperform” rating on shares of Norbord in a research note to investors on Monday. They now have a C$37.00 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Norbord from a “market perform” rating to an “underperform” rating in a research note to investors on Monday. They now have a C$28.00 price target on the stock, down previously from C$30.00. Finally, analysts at TD Securities raised their price target on shares of Norbord from C$31.00 to C$33.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Norbord has an average rating of “Buy” and a consensus price target of C$33.88.
Norbord Inc (TSE:NBD) is an international producer of wood-based panels, with 13 plants United States, Europe and Canada.
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