Norbord Inc (OSB) Director Sells C$255,645.00 in Stock
Norbord Inc (TSE:OSB) Director Barrie Shineton sold 5,700 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of C$44.85, for a total value of C$255,645.00.
Norbord Inc (OSB) traded down 0.26% during mid-day trading on Friday, hitting $45.76. The company had a trading volume of 418,900 shares. The company has a market cap of $3.94 billion and a PE ratio of 15.05. Norbord Inc has a one year low of $28.91 and a one year high of $46.00. The company’s 50 day moving average price is $42.22 and its 200-day moving average price is $40.13.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 1st will be issued a $0.398 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 3.47%. This is a boost from Norbord’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 30th.
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A number of research firms recently commented on OSB. Scotiabank reaffirmed an “outperform” rating and set a C$44.25 price objective on shares of Norbord in a research note on Friday, August 18th. Royal Bank Of Canada reaffirmed a “top pick” rating on shares of Norbord in a research note on Wednesday, June 7th. Canaccord Genuity raised Norbord from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$43.00 to C$47.00 in a research note on Tuesday, June 6th. CSFB increased their price objective on Norbord from C$42.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, TD Securities increased their price objective on Norbord from C$37.00 to C$48.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Two 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. The company presently has an average rating of “Buy” and an average price target 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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