Peter Cornelius Wijnbergen Sells 13,800 Shares of Norbord Inc (OSB) Stock
Norbord Inc (TSE:OSB) insider Peter Cornelius Wijnbergen sold 13,800 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of C$45.50, for a total value of C$627,900.00.
Shares of Norbord Inc (TSE OSB) traded down 0.26% during midday trading on Friday, reaching $45.76. The company’s stock had a trading volume of 418,900 shares. Norbord Inc has a 1-year low of $28.91 and a 1-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 firm has a market capitalization of $3.94 billion and a PE ratio of 15.05.
The business also recently declared 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 is an increase from Norbord’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, August 30th. This represents a $1.59 annualized dividend and a dividend yield of 3.47%.
ILLEGAL ACTIVITY WARNING: “Peter Cornelius Wijnbergen Sells 13,800 Shares of Norbord Inc (OSB) Stock” was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/08/peter-cornelius-wijnbergen-sells-13800-shares-of-norbord-inc-osb-stock.html.
OSB has been the subject of several recent analyst reports. BMO Capital Markets boosted 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 boosted 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 boosted their target price on 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 boosted their target price on 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 restated a “top pick” rating on shares of Norbord in a research note on Wednesday, June 7th. Two research 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 currently has an average 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.
Receive News & Ratings for Norbord Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norbord Inc and related companies with MarketBeat.com's FREE daily email newsletter.