Insider Selling: Norbord Inc (OSB) Director Sells 3,245 Shares of Stock
Norbord Inc (TSE:OSB) Director Houston Paul sold 3,245 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of C$45.17, for a total value of C$146,576.65.
Shares of Norbord Inc (TSE:OSB) traded down 0.83% during trading on Friday, hitting $45.50. 230,933 shares of the stock traded hands. Norbord Inc has a 52 week low of $28.91 and a 52 week high of $46.00. The company has a 50-day moving average of $42.22 and a 200-day moving average of $40.13. The firm has a market cap of $3.92 billion and a P/E ratio of 14.97.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be given a dividend of $0.398 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.47%. This is a positive change from Norbord’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 30th.
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A number of analysts recently issued reports on OSB shares. BMO Capital Markets increased their target price on Norbord from C$28.00 to C$31.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. Scotiabank increased their target price on Norbord from C$42.00 to C$44.25 and gave the stock an “outperform” rating in a research note on Monday, July 31st. TD Securities raised their price target on shares of Norbord from C$37.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. CSFB raised their price target on shares of Norbord from C$42.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating on shares of Norbord in a research note on Wednesday, June 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$45.28.
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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