The Norbord’s (OSB) Top Pick Rating Reaffirmed at Royal Bank of Canada

The Norbord’s (OSB) Top Pick Rating Reaffirmed at Royal Bank of Canada

Norbord Inc (TSE:OSB)‘s stock had its “top pick” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday, StockTargetPrices.com reports.

Other research analysts also recently issued research reports about the stock. Scotiabank restated an “outperform” rating and set a C$40.75 price objective on shares of Norbord in a report on Monday, February 6th. CIBC boosted their price objective on shares of Norbord from C$35.00 to C$36.00 in a report on Tuesday, February 7th. Finally, TD Securities restated a “buy” rating and set a C$32.00 price objective on shares of Norbord in a report on Monday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Norbord currently has a consensus rating of “Buy” and a consensus price target of C$40.39.

Shares of Norbord (TSE:OSB) traded down 0.46% during midday trading on Monday, hitting $38.85. 13,412 shares of the company’s stock traded hands. Norbord has a 1-year low of $21.87 and a 1-year high of $40.06. The firm has a market capitalization of $3.33 billion and a price-to-earnings ratio of 18.24. The company has a 50 day moving average price of $35.11 and a 200 day moving average price of $33.35.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 21st. Stockholders of record on Tuesday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.02%.

In other news, insider Nigel Banks sold 30,000 shares of Norbord stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of C$37.20, for a total transaction of C$1,116,000.00.

Norbord Company Profile

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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